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Bill: Income tax proposal of June 4069
Details
Submitted by[?]: SLP-Libertarian Alliance
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: August 4071
Description[?]:
| The Social-Liberal 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 |
| > 2,500 BEL | 4% | 12,422,000,000 BEL |
| > 8,000 BEL | 8% | 8,931,000,000 BEL |
| > 10,000 BEL | 16% | 64,208,000,000 BEL |
| > 20,000 BEL | 25% | 51,356,000,000 BEL |
| > 35,000 BEL | 35% | 13,997,000,000 BEL |
| > 45,000 BEL | 40% | 9,826,000,000 BEL | Total | 160,740,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 17:34:43, August 04, 2016 CET | From | SLP-Libertarian Alliance | To | Debating the Income tax proposal of June 4069 |
| Message | Madam speaker With both a decent surplus and income inequality on the rise due to the recent tax plans, we hope to strike a balance. We want to remove the 1000 BEL bracket, ensuring that the people that desperately need every cent(OOC: I think that's what we use) are not having their funds ripped in to in the name of the top. We also have cuts in taxes for the lower middle class by moving up the 15000 BEL bracket to 20000. Finally, we have increases on the wealthiest Beluzians to a fair amount without taking a majority of their income. This will help us cut down on income inequality and help move the tax burden from those that are vulnerable to those that can actually afford it. |
| Date | 19:25:10, August 04, 2016 CET | From | Regionalist Coalition | To | Debating the Income tax proposal of June 4069 |
| Message | Madam Speaker, I will ignore the snide comments which are very clearly aimed at the Daybreak Coalition's immensely successful tax plans, and consider this proposal objectively. We agree with taking the lowest bracket out, now our economy has grown to a position we consider to be stable, we can begin to axe taxes towards the lower end. However, we cannot accept a return to 40% tax rates so soon after we had remedied the problem of over-inflated tax rates. Such rates should, in my view, be reserved for very higher bars: >100,000BEL, >500,000BEL or even >1,000,000BEL. I also feel the 35% is imposed at too low a level - it should be implemented higher, perhaps at the >50,000BEL mark? If these changes are made, my party could consider supporting this proposal, subject to consultation with the Finance Minister, and others in the Daybreak Coalition. Sen. Claire Murray Minister for Trade & Industry, NLP Finance Spokesperson |
| Date | 22:19:15, August 04, 2016 CET | From | Regionalist Coalition | To | Debating the Income tax proposal of June 4069 |
| Message | Correction: We cannot support a 40% tax under any circumstances. The days of the 40% tax rate are over thanks to the superb work of the Daybreak Coalition. |
| Date | 15:17:47, August 05, 2016 CET | From | Unsubmissive Beluzian Workers Party | To | Debating the Income tax proposal of June 4069 |
| Message | OOC: Gini coefficient is 41.98 of this taxation proposal, higher than 38.9. If you want income equality, we propose a tax plan that has a 0.2 income equality |
| Date | 19:00:47, August 07, 2016 CET | From | Unsubmissive Beluzian Workers Party | To | Debating the Income tax proposal of June 4069 |
| Message | OOC: We cannot support this. If the Gini coefficient is lowered to 30.0 or 25.0, we will say Yes |
| Date | 19:08:00, August 07, 2016 CET | From | SLP-Libertarian Alliance | To | Debating the Income tax proposal of June 4069 |
| Message | OOC: May I have calculations or something, you are just spewing numbers without the math. I just want some math so we can solve this, |
| Date | 19:25:26, August 07, 2016 CET | From | SLP-Libertarian Alliance | To | Debating the Income tax proposal of June 4069 |
| Message | disregard, we proposed another one. |
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Voting
| Vote | Seats | |||||||
| yes | Total Seats: 58 | |||||||
| no |
Total Seats: 592 | |||||||
| abstain | Total Seats: 100 |
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