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Bill: The Budget Surplus Act, Income Tax Reform
Details
Submitted by[?]: Interim Party of the Crown
Status[?]: passed
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: August 4019
Description[?]:
| This act, as part of the Budget Surplus Acts, aims to adjust the government's income tax policy to better address the economic situation of the Island of Farona. |
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 |
| > 10,000 DNT | 5% | 0 DNT |
| > 20,000 DNT | 10% | 0 DNT |
| > 30,000 DNT | 15% | 0 DNT |
| > 40,000 DNT | 20% | 0 DNT |
| > 50,000 DNT | 25% | 0 DNT | Total | 0 DNT |
Debate
These messages have been posted to debate on this bill:
| Date | 18:48:56, April 25, 2016 CET | From | The People's Movement of Fārona | To | Debating the The Budget Surplus Act, Income Tax Reform |
| Message | There are no people in work. Therefore we cannot collect income tax. How can we fix the economy? /ooc is this a glitch? |
| Date | 18:58:42, April 25, 2016 CET | From | The People's Movement of Fārona | To | Debating the The Budget Surplus Act, Income Tax Reform |
| Message | There are no people in work. Therefore we cannot collect income tax. How can we fix the economy? /ooc is this a glitch? |
| Date | 18:59:00, April 25, 2016 CET | From | Interim Party of the Crown | To | Debating the The Budget Surplus Act, Income Tax Reform |
| Message | Mr Speaker, Indeed there are not, but there will be soon under our long-term economic plan and we should adjust taxes in preparation for this, I Yield, |
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Voting
| Vote | Seats | |
| yes | Total Seats: 392 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 358 |
| Random fact: In Culturally Protected nations, it is the responsibility of players to ensure the candidate boxes on their Party Overview screens are filled in with appropriate names. If a player is allotted seats in a Cabinet bill and has not filled in names for the relevant candidate position, then the program will automatically fill in the positions with names which might not necessarily be appropriate for the Cultural Protocols. |
| Random quote: "Poverty is the parent of revolution and crime." - Aristotle |