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Bill: Income tax proposal of October 4056
Details
Submitted by[?]: Baltusian Centrist 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: June 4057
Description[?]:
| The Baltusian Centrist Party propose to adjust the government's income tax policy to better address the economic situation of the Baltusia. |
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 |
| > 15,000 BLD | 8% | 23,479,000,000 BLD |
| > 20,000 BLD | 10% | 28,009,000,000 BLD |
| > 25,000 BLD | 12% | 29,072,000,000 BLD |
| > 30,000 BLD | 16% | 83,697,000,000 BLD |
| > 45,000 BLD | 19% | 23,473,000,000 BLD |
| > 50,000 BLD | 21% | 43,651,000,000 BLD |
| > 60,000 BLD | 25% | 34,047,000,000 BLD |
| > 70,000 BLD | 27% | 22,904,000,000 BLD |
| > 80,000 BLD | 30% | 15,805,000,000 BLD |
| > 90,000 BLD | 33% | 10,127,000,000 BLD |
| > 100,000 BLD | 37% | 5,648,000,000 BLD |
| > 110,000 BLD | 40% | 2,398,000,000 BLD |
| > 120,000 BLD | 43% | 2,577,000,000 BLD |
| > 130,000 BLD | 45% | 2,697,000,000 BLD |
| > 140,000 BLD | 46% | 2,757,000,000 BLD |
| > 150,000 BLD | 48% | 2,877,000,000 BLD |
| > 160,000 BLD | 48% | 2,877,000,000 BLD |
| > 170,000 BLD | 49% | 2,937,000,000 BLD |
| > 180,000 BLD | 50% | 1,391,000,000 BLD | Total | 340,423,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 10:55:22, July 10, 2016 CET | From | Baltusian Centrist Party | To | Debating the Income tax proposal of October 4056 |
| Message | This will increase our revenue and reduce burden on poor |
| Date | 11:00:43, July 10, 2016 CET | From | Baltusian Centrist Party | To | Debating the Income tax proposal of October 4056 |
| Message | Sorry, it will decrease our revenue. My opinion is that to reduce tax on poor and increase tax on rich |
| Date | 11:10:34, July 10, 2016 CET | From | United Democratic Party - Liberal | To | Debating the Income tax proposal of October 4056 |
| Message | Why would we decrease our revenue when we are in debt? |
| Date | 11:53:44, July 10, 2016 CET | From | United Democratic Party - Syndicalists | To | Debating the Income tax proposal of October 4056 |
| Message | maybe we could compromise and lower the levels of tax for the poor and raise for the rich but not as mmutch |
| Date | 18:15:54, July 10, 2016 CET | From | Baltusian International Democratic Party | To | Debating the Income tax proposal of October 4056 |
| Message | I don't think this is fair on working people. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 31 | ||||||
| no |
Total Seats: 627 | ||||||
| abstain | Total Seats: 92 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "The trouble with practical jokes is that very often they get elected." - Will Rogers |