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Bill: Income tax proposal of February 4171
Details
Submitted by[?]: United Luthori
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: March 4172
Description[?]:
| Mr. Speaker, This adjusted income tax proposal increased the number of brackets from 9 to 12 and has been modified to yield approximately £13 billion more in revenue. I open the floor to debate. I yield. Rt Hon. Natalie Wright MD Minister of Finance United Luthori-Orange |
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 |
| > 100 LPD | 10% | 565,000,000 LPD |
| > 200 LPD | 15% | 1,694,000,000 LPD |
| > 400 LPD | 20% | 2,258,000,000 LPD |
| > 600 LPD | 25% | 2,823,000,000 LPD |
| > 800 LPD | 30% | 3,387,000,000 LPD |
| > 1,000 LPD | 35% | 19,758,000,000 LPD |
| > 2,000 LPD | 40% | 22,580,000,000 LPD |
| > 3,000 LPD | 42% | 43,780,000,000 LPD |
| > 5,000 LPD | 44% | 68,477,000,000 LPD |
| > 10,000 LPD | 46% | 29,468,000,000 LPD |
| > 15,000 LPD | 48% | 8,181,000,000 LPD |
| > 20,000 LPD | 50% | 5,689,000,000 LPD | Total | 208,660,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 08:50:33, February 24, 2017 CET | From | Social-Democratic Coalition | To | Debating the Income tax proposal of February 4171 |
| Message | The Social Democratic Coalition can't support this bill. We consider that the increase of the taxes from poor people's income is too high compared with the one for the highest brackets, and even the bracket of 5000 has decreased from the current income tax system. We are obtaining £1 billion from the 13 mentioned from bracket >400 LPD, while from the highest bracket we are just obtaining 164 million. This is an insult for all workers that have to work day by day to be able to feed their children. People who has more, should contribute more to society. Aliah Bird Economic Leader Social-Democratic Coalition |
| Date | 00:52:12, February 25, 2017 CET | From | United Luthori | To | Debating the Income tax proposal of February 4171 |
| Message | Mr. Speaker, I'm moving this proposal forward for a full vote before the Imperial Diet. There is internal debate within the party as to whether we should raise or lower income taxes, so we'll see how this proposal is treated before crafting a new tax plan. I yield. Rt Hon. Natalie Wright MD Minister of Finance United Luthori-Orange |
| Date | 02:28:26, February 25, 2017 CET | From | Luthori Center Party | To | Debating the Income tax proposal of February 4171 |
| Message | "LCP would like to know why there's a need for a tax increase and where the extra money would be spent?" George Smith's answer when asked for LCP's opinion on the income tax proposal on a radio show OOC: I figured that would be one way for me to take part in the debate, since I can't actually be a direct part of due to the fact that LCP has no seats in the diet yet |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 292 | |||||
| no |
Total Seats: 347 | |||||
| abstain |
Total Seats: 0 |
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| Random quote: "Liberty is not a means to a higher political end. It is itself the highest political end." - John Dalberg-Acton |