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Bill: Income tax proposal of May 4056
Details
Submitted by[?]: Libertarian 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: January 4057
Description[?]:
| The Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Beluzia. |
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 |
| > 1,000 BEL | 10% | 16,935,000,000 BEL |
| > 4,000 BEL | 15% | 33,869,000,000 BEL |
| > 8,000 BEL | 30% | 153,842,000,000 BEL |
| > 20,000 BEL | 30% | 80,930,000,000 BEL | Total | 285,576,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 16:55:39, July 09, 2016 CET | From | Imperial Alliance | To | Debating the Income tax proposal of May 4056 |
| Message | Madam Speaker, This would plunge our budget into a deep deficit. Cosmo Adams Chairman of the Imperial Alliance Minister of Defence |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 83 | ||||||
| no |
Total Seats: 626 | ||||||
| abstain | Total Seats: 41 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "[The Constitution preserves] the advantage of being armed which Americans possess over the people of almost every other nation...[where] the governments are afraid to trust the people with arms." - James Madison |