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Bill: Revised Income Tax Proposal: July 4043
Details
Submitted by[?]: Factio Conservativa
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 4044
Description[?]:
| The Factio Nationalistia propose to adjust the government's income tax policy to better address the economic situation of the Regnum de Selucia. |
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 |
| > 1 SEN | 1% | 570,000,000 SEN |
| > 1,000 SEN | 2% | 1,713,000,000 SEN |
| > 2,500 SEN | 3% | 4,166,000,000 SEN |
| > 5,000 SEN | 5% | 4,951,000,000 SEN |
| > 7,500 SEN | 7% | 4,517,000,000 SEN |
| > 10,000 SEN | 10% | 4,563,000,000 SEN |
| > 12,500 SEN | 12% | 3,502,000,000 SEN |
| > 15,000 SEN | 15% | 3,439,000,000 SEN |
| > 17,500 SEN | 17% | 3,278,000,000 SEN |
| > 20,000 SEN | 20% | 2,760,000,000 SEN |
| > 22,500 SEN | 22% | 2,677,000,000 SEN |
| > 25,000 SEN | 25% | 2,201,000,000 SEN |
| > 27,500 SEN | 27% | 1,135,000,000 SEN |
| > 30,000 SEN | 30% | 1,262,000,000 SEN |
| > 32,500 SEN | 33% | 1,388,000,000 SEN |
| > 35,000 SEN | 40% | 960,000,000 SEN | Total | 43,082,000,000 SEN |
Debate
These messages have been posted to debate on this bill:
| Date | 21:31:09, June 13, 2016 CET | From | Factio Unitas | To | Debating the Revised Income Tax Proposal: July 4043 |
| Message | Orator, This plan decreases our income as a government by 20 billion SEN compared to our tax plan. |
| Date | 21:40:24, June 13, 2016 CET | From | Factio Conservativa | To | Debating the Revised Income Tax Proposal: July 4043 |
| Message | Orator, The Nationalist Party believe are economy must be safe and secure. Although this plan in comparison with yours is 20 billion SEN less, we believe it is a fairer plan for the citizens of this great nation. Also in another bill, our party will make up for this 20 BILLION short-fall through a raise in cooperation tax and luxury items. Lord S CONSTANTINE IV Chairman Of the Nationalist Party |
| Date | 22:27:03, June 13, 2016 CET | From | Factio Unitas | To | Debating the Revised Income Tax Proposal: July 4043 |
| Message | Orator, Our proposed tax rates are very low, there is no need to propose a lower one. After consideration, we also think your proposal to be a bit shakey in places - such as leaps from 2% to 3% increases per 2,500 SEN. Also, we see no need for a 1,000 SEN bracket if the rest of the plan has internvals of 2,500 SEN, not 1,000 SEN Futhermore, for practical reasons we think we should use '§' to denote SEN, rather than spelling out the letters. E.i.: §5,000. Belusius Magnus Ministrator de Oeconomicis (Minister of Finance) |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 245 | ||
| no |
Total Seats: 255 | ||
| abstain | Total Seats: 0 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: "Casting a vote shouldn't make you sick." - Ronnie Dugger |