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Bill: Income tax proposal of November 4059
Details
Submitted by[?]: Stanton House
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: November 4062
Description[?]:
| The Stanton House propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Beluzia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 1
Article 2
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 BEL | 10% | 10,236,000,000 BEL |
| > 12,000 BEL | 37% | 110,448,000,000 BEL |
| > 20,000 BEL | 50% | 129,128,000,000 BEL |
| > 50,000 BEL | 55% | 6,523,000,000 BEL | Total | 256,335,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 15:46:38, July 16, 2016 CET | From | Stanton House | To | Debating the Income tax proposal of November 4059 |
| Message | I will be doing a Budget away this vote if passed and if needing |
| Date | 18:45:24, July 16, 2016 CET | From | Regionalist Coalition | To | Debating the Income tax proposal of November 4059 |
| Message | The NLP issues this statement on the Nov59 income tax proposals: The New Liberal Party wishes to commend Finance Minister Fabian Anderson for this proposal. Though it does not raise quite as much in revenue as one might hope, the NLP observes Minister Anderson has kept the income tax brackets progressive and fair. Also, though we principally disagree with a tax on essential items, we feel a tax of 1% is manageable, and will not have a hugely detrimental impact on Beluzian family budgets - we accept its necessity at the current time. Though the government coalition has declared its opposition already, and this proposal is unlikely to be passed, the NLP will express its support for this Bill, as a step in the right direction. Claire Murray, Finance Spokesperson, New Liberal Party |
| Date | 00:18:01, July 17, 2016 CET | From | Imperial Alliance | To | Debating the Income tax proposal of November 4059 |
| Message | Madam Speaker, A 55% income tax band is too high. Cosmo Adams Chairman of the Imperial Alliance |
| Date | 07:01:00, July 18, 2016 CET | From | Unsubmissive Beluzian Workers Party | To | Debating the Income tax proposal of November 4059 |
| Message | Can we put this to vote? It is clogging up the debates section |
| Date | 08:57:08, July 21, 2016 CET | From | Socialist Working Party | To | Debating the Income tax proposal of November 4059 |
| Message | Madam Speaker, I wonder, has the finance minister ever had to rely on a food bank to feed their children? Or had to live pay cheque to pay cheque, not knowing if you'll have enough money to get by this month? This is a typically conservative budget proposal with an excessively high income tax rate of 50% for those earning just 20,000 BEL and 37% for those on low incomes. Meanwhile the most wealthy pay a meagre 55%. We cannot support this budget and strongly urge all members to vote no. No to more poverty, no to homelessness, no to punishing those on the lowest income and no to further rewarding the wealthiest in society. Mike Smith Leader of the Socialist Working Party |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 198 | ||||||
| no |
Total Seats: 552 | ||||||
| abstain | Total Seats: 0 |
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