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Bill: Income tax proposal of December 4067
Details
Submitted by[?]: Libertarian Party
Status[?]: passed
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 4068
Description[?]:
| The Daybreak Coalition propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Beluzia. By increasing the rate of tax for the highest earners in our society we can ensure that middle earners pay less, and have more money to put into our economy rather than spending an unfair portion on income tax. By cutting corporation tax we are declaring that Beluzia is once again open for business. This will have a tremendous effect on our economy. Not only will employment go up as new companies expand into Beluzia, we send out an important message that it pays to work hard, and the most talented and entrepreneurial people in our country will indeed be rewarded for their efforts. Senator Lucia Weldon, Finance Minister |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 10
Proposed: 7
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 |
| > 2,500 BEL | 5% | 7,054,000,000 BEL |
| > 5,000 BEL | 10% | 16,930,000,000 BEL |
| > 8,000 BEL | 10% | 11,158,000,000 BEL |
| > 10,000 BEL | 20% | 47,766,000,000 BEL |
| > 15,000 BEL | 35% | 151,213,000,000 BEL | Total | 234,121,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 17:32:14, August 01, 2016 CET | From | Regionalist Coalition | To | Debating the Income tax proposal of December 4067 |
| Message | Hear, hear! Madam Speaker, this is an exemplary tax proposal - it brings an increase in revenues and it ensures that hard work pays. The stimulation to our economy due to Corporation Tax cuts will also be invaluably beneficial to our country. Sen. Claire Murray Minister for Trade & Industry, NLP Finance Spokesperson |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 430 | ||||
| no |
Total Seats: 239 | ||||
| abstain | Total Seats: 0 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "I came, I saw, I conquered" - Julius Caesar |