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Bill: Opposition Budget Proposal April 4156
Details
Submitted by[?]: Fortschrittsvereinigung
Status[?]: defeated
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: December 4156
Description[?]:
| The UDK's reckless economic policy has thrown Dorvik into economic turmoil! Their reckless tax cutting without making any proper calculations has cost our nation dearly; as of April 4156 we have a deficit of exactly 4,656,824,709 DDO. This is a massive figure and an outright embarrassment. Ridiculous how the libertarians and conservatives label themselves as the economically responsible option! We must amend this right now, and this increase in taxes will help get us on the path to do this; we have increased corporation tax to 10% which will make little difference to companies due to a mere increase of 1% for them, yet for Dorvik the increase in revenue shall be extremely beneficial. With income tax, we have only raised taxation for the top two brackets who can afford it, so those not as well off won't suffer the consequences of this government's recklessness. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 10
Proposed: 10
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 |
| > 15,000 DDO | 5% | 10,713,000,000 DDO |
| > 20,000 DDO | 11% | 17,347,000,000 DDO |
| > 25,000 DDO | 16% | 16,586,000,000 DDO |
| > 30,000 DDO | 23% | 17,360,000,000 DDO |
| > 35,000 DDO | 25% | 23,566,000,000 DDO |
| > 45,000 DDO | 28% | 9,225,000,000 DDO |
| > 50,000 DDO | 32% | 26,161,000,000 DDO | Total | 120,958,000,000 DDO |
Debate
These messages have been posted to debate on this bill:
| Date | 14:28:17, January 25, 2017 CET | From | Konservative Union | To | Debating the Opposition Budget Proposal April 4156 |
| Message | Ooc: The deficit is caused by the fact that different bills pass after different period they need to pass. So please keep that in mind. |
| Date | 16:53:24, January 25, 2017 CET | From | Fortschrittsvereinigung | To | Debating the Opposition Budget Proposal April 4156 |
| Message | OOC: Indeed, but nonetheless in game, there is still a deficit for a few game months, it would make more sense to have passed spending cuts first. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 124 | ||||
| no |
Total Seats: 224 | ||||
| abstain |
Total Seats: 52 |
| Random fact: The forum contains a lot of useful information, it has updates to the game, role playing between nations, news and discussion. http://forum.particracy.net/ |
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