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Bill: Tax Reforms 4031
Details
Submitted by[?]: RISE Movement
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: August 4031
Description[?]:
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 1
Current: 0
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 0
Proposed: 5
Article 3
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 SOL | 5% | 22,391,000,000 SOL |
> 30,000 SOL | 10% | 35,708,000,000 SOL |
> 40,000 SOL | 18% | 46,809,000,000 SOL |
> 50,000 SOL | 25% | 47,866,000,000 SOL |
> 60,000 SOL | 35% | 89,781,000,000 SOL |
> 80,000 SOL | 40% | 42,165,000,000 SOL |
> 90,000 SOL | 45% | 38,617,000,000 SOL |
> 100,000 SOL | 49% | 72,560,000,000 SOL | Total | 395,897,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 19:41:15, May 19, 2016 CET | From | RISE Movement | To | Debating the Tax Reforms 4031 |
Message | To start to get us out of the debt crisis caused by the Republican party we propose to: -Reintroduce the income tax. -Increase tax on corporations to 20% of their profit. -Increase tax on luxuary goods to 5%. This means we can start to repay our debts and get the country & schools and hospitals into working order again. Andrew Smith RISE Leader |
Date | 21:41:42, May 19, 2016 CET | From | Republican Party | To | Debating the Tax Reforms 4031 |
Message | We refuse to support a tax increase |
Date | 21:58:38, May 19, 2016 CET | From | Republican Party | To | Debating the Tax Reforms 4031 |
Message | Every party who supports a tax increase should be ashamed of themselves. This will hurt the people. The republicans have commited to a balanced budget and we have proposed something ASAP. We have slashed defense |
Date | 22:01:28, May 19, 2016 CET | From | RISE Movement | To | Debating the Tax Reforms 4031 |
Message | OOC: Republican party can you just please stop? you've ruined RP for ages with unrealistic budgets which would've killed thousands if not more. |
Date | 22:03:40, May 19, 2016 CET | From | Republican Party | To | Debating the Tax Reforms 4031 |
Message | We have balanced the budget with a new proposal |
Date | 22:11:22, May 19, 2016 CET | From | RISE Movement | To | Debating the Tax Reforms 4031 |
Message | OOC: it's not about balancing a budget, it's about cutting all taxes, having almost 100% defence spending with other budgets in the 100s. It makes everyone else's experience really boring having to deal with it |
Date | 23:09:53, May 19, 2016 CET | From | Republican Party | To | Debating the Tax Reforms 4031 |
Message | The republicans have balanced the budget and yes we have cut defense |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 312 | |||||
no |
Total Seats: 331 | |||||
abstain | Total Seats: 107 |
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