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Bill: Income tax proposal of July 4007
Details
Submitted by[?]: Social Democratic Party
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: March 4008
Description[?]:
| The Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Hutori. Now that the budget has been reformed we propose this Income Tax Reform, cutting taxes for all but the top tax bracket! |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 20,000 HLR | 5% | 19,917,000,000 HLR |
| > 30,000 HLR | 10% | 26,871,000,000 HLR |
| > 40,000 HLR | 15% | 28,224,000,000 HLR |
| > 50,000 HLR | 20% | 28,010,000,000 HLR |
| > 60,000 HLR | 25% | 25,497,000,000 HLR |
| > 70,000 HLR | 30% | 19,419,000,000 HLR |
| > 80,000 HLR | 35% | 14,654,000,000 HLR |
| > 90,000 HLR | 40% | 20,193,000,000 HLR | Total | 182,785,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 10:11:32, April 03, 2016 CET | From | Free Socialist Coalition | To | Debating the Income tax proposal of July 4007 |
| Message | Mr Speaker, The SDPs Finance minister clearly struggled here. We now have a large deficit and the GUP will be coming forward with cuts soon. Andrew Smith GUP Leader |
| Date | 16:03:41, April 03, 2016 CET | From | Social Democratic Party | To | Debating the Income tax proposal of July 4007 |
| Message | Mr. Speaker, We have not struggled about anything! The only reason we have a deficit is because you gave massive tax breaks to the wealthiest corporations in Hutori! Don't try to shift the blame where it doesn't belong. Jack Lawton (visibly angered) Social Democratic Chairman |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 15 | |||||
| no |
Total Seats: 340 | |||||
| abstain | Total Seats: 0 |
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| Random quote: "And what is Aleppo?" - Gary Johnson |