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Bill: Opposition Tax Reform 4079
Details
Submitted by[?]: Fortschrittsvereinigung
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: January 4080
Description[?]:
| Due to an improving economy following the removal of the Koloman Plan, we set about lowering taxation, radically decreasing it for the lowest earners particularly. We will also go about proposing a new spending bill, which these tax reforms will only work if the spending bill also succeeds. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 10
Proposed: 13
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 30
Proposed: 15
Article 3
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 DDO | 5% | 10,717,000,000 DDO |
| > 20,000 DDO | 10% | 15,774,000,000 DDO |
| > 25,000 DDO | 15% | 15,552,000,000 DDO |
| > 30,000 DDO | 20% | 15,100,000,000 DDO |
| > 35,000 DDO | 25% | 13,021,000,000 DDO |
| > 40,000 DDO | 30% | 12,664,000,000 DDO |
| > 45,000 DDO | 35% | 11,530,000,000 DDO |
| > 50,000 DDO | 40% | 10,351,000,000 DDO |
| > 55,000 DDO | 45% | 9,168,000,000 DDO |
| > 60,000 DDO | 50% | 7,991,000,000 DDO |
| > 65,000 DDO | 55% | 5,526,000,000 DDO |
| > 70,000 DDO | 60% | 3,091,000,000 DDO |
| > 75,000 DDO | 65% | 2,743,000,000 DDO | Total | 133,228,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
| Date | 20:27:46, August 24, 2016 CET | From | Dorvisch Kommunistische Partei | To | Debating the Opposition Tax Reform 4079 |
| Message | Honorable FP, "Due to an improving economy following the removal of the Koloman Plan" This is an utter lie, the economy hasn't changed at all. Without the bill cutting a huge chunk of government spending in important areas like education this bill would lead us into the biggest deficits since years. - Hannelore Foerstner, Ministry of Finance. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 256 | ||||
| no | Total Seats: 244 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
| Random quote: "The right to suffer is one of the joys of a free economy." - Howard Pyle (commenting on unemployment in Detroit) |