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Bill: Income tax proposal of September 4143
Details
Submitted by[?]: Libertären Partei(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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: May 4144
Description[?]:
| The Dundorf Progressive Konservative Partei propose to adjust the government's income tax policy to better address the economic situation of the Bundesrepublik Dundorf. This tax proposal slightly cuts taxes for the Working class and middle class.For working class the tax rate has been reduced from 5 to 3%,And for the middle class tax rates have been cut from 11 to 8%.The tax rates for the other income brackets stay the same. We have a surplus of a 180,000,000 DUM the budget will consume 18,000,000 of this surplus and the tax rates will cut this by a further 34,000,000.But still we will have a surplus of 128,000,000 DUM which is still one of the highest in Terra. This tax cut is part of our manifesto.But other than these things,these tax cuts will encourage more savings for the middle class which will culminate as deposits in banks and these deposits will be used to provide Loan to messy persons and will culminate in cash flow and encourage high Economic development.As Greater savings leads to greater capital formation,this greater capital formation leads to greater productivity and it leads to greater income and vice versa,therefore it encourages development on all fronts Erica Schulz, Finance minister and DPKP CO leader,Financial minister und Co-Leiter der DPKP |
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 |
| > 8,000 DUM | 3% | 20,408,000,000 DUM |
| > 19,700 DUM | 8% | 54,156,000,000 DUM |
| > 33,500 DUM | 42% | 249,600,000,000 DUM |
| > 56,600 DUM | 52% | 252,354,000,000 DUM | Total | 576,518,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
| Date | 09:06:52, December 31, 2016 CET | From | Bund der Demokraten und Liberalen | To | Debating the Income tax proposal of September 4143 |
| Message | Agreed But can we make 43 and 53 |
| Date | 09:12:52, December 31, 2016 CET | From | Vereinigte Bürgerschaft Dundorfs | To | Debating the Income tax proposal of September 4143 |
| Message | We agree with the SGPD. |
| Date | 09:45:24, December 31, 2016 CET | From | Libertären Partei(Libertarian Party) | To | Debating the Income tax proposal of September 4143 |
| Message | The opinions of the honoured MPs will be taken in consideration,but we believe taxes for the higher income groups is good where it is and increasing taxes for these groups may be prove to be too high. Erica Schulz |
| Date | 10:23:16, December 31, 2016 CET | From | GRC Chair | To | Debating the Income tax proposal of September 4143 |
| Message | My party think that this would mean the lower classes taxation so slightly too low. We would propose a slight increase: 4 9 42 52 |
| Date | 12:06:26, December 31, 2016 CET | From | Libertären Partei(Libertarian Party) | To | Debating the Income tax proposal of September 4143 |
| Message | May I know why the greens are voting no? |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 374 | ||||
| no | Total Seats: 22 | ||||
| abstain | Total Seats: 104 |
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