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Bill: Income tax proposal of May 4126

Details

Submitted by[?]: Social-Democratic 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.

Voting deadline: January 4127

Description[?]:

The Social-Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia.

The current system has to much space between the brackets. dividing them better gives us, as government, the opportunity to spend more, The taxpayers to not have to pay more SOL's. dont believe it? see it yourself:

Low incomes:(25.000 SOL)
Now: 3750 SOL
Proposed: 3500 SOL

Middle incomes (50.000 SOL)
Now: 17.500 SOL
Proposed: 14.000 SOL

High incomes (75.000 SOL)
Now: 30.000 SOL
Proposed: 27.000 SOL

But how is this system beneficial to the government?
Current tax profit: 487,433,513,059 SOL
Proposed tax profit: 497,202,000,000 SOL

Current surplus: -14,976,559,938 SOL
Proposed surplus: (with the spending cuts propsed by the NLP) -1.274.072.997
That is a reduce of 91,5%

That is the power of proper dividing.

Proposals

Debate

These messages have been posted to debate on this bill:

Date16:57:42, November 26, 2016 CET
From National Libertarian Party
ToDebating the Income tax proposal of May 4126
MessageAlthough I am staunchly opposed to a progressive tax system, you will have my vote. I think this is a good temporary solution that would balance the budget and give us more leeway with the budget.

Date18:37:51, November 26, 2016 CET
From Social-Democratic Party
ToDebating the Income tax proposal of May 4126
MessageThe surplus above zero act (SAZA) made by the SDP is the better option for the NLP spending proposal, and it wil actually get Solentia the surplus above zero! Vote yes now!

Date19:49:55, November 26, 2016 CET
From The Solentian Workers' Movement
ToDebating the Income tax proposal of May 4126
MessageMore taxation on the poor! Less on the rich! Elitism at its finest.

Date19:57:41, November 26, 2016 CET
From Social-Democratic Party
ToDebating the Income tax proposal of May 4126
Messageif you calculate it, you would know that it is actually the oppposite. .

Date19:59:56, November 26, 2016 CET
From National Libertarian Party
ToDebating the Income tax proposal of May 4126
MessageI fail to see why lower taxes on everyone is such an evil thing.

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Voting

Vote Seats
yes
    

Total Seats: 258

no
   

Total Seats: 242

abstain
 

Total Seats: 0


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