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Bill: Governmental Budget - Tax Reforms
Details
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: July 4203
Description[?]:
| The Volkspartei für Freiheit und Demokratie propose to adjust the government's income tax policy to better address the economic situation of the Dundorfische Demokratische Republik (DDR). My government will return to the liberal and progressive tax system of the last VFD government, this was a program which was working well and should continue to operate. Sebastian Erhard Finance Minister |
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 |
| > 6,000 DUM | 9% | 71,480,000,000 DUM |
| > 19,645 DUM | 14% | 96,513,000,000 DUM |
| > 33,715 DUM | 42% | 305,537,000,000 DUM |
| > 66,576 DUM | 52% | 179,527,000,000 DUM | Total | 653,057,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
| Date | 07:07:56, April 28, 2017 CET | From | Sozialistische Einheitspartei Dundorfs | To | Debating the Governmental Budget - Tax Reforms |
| Message | We believe that the rich become richer and that is not wise nor fair. Herbert Ragenstein Spokesman for Finance |
| Date | 18:31:23, April 28, 2017 CET | From | GRC Chair | To | Debating the Governmental Budget - Tax Reforms |
| Message | My party believe that all people should contribute their fare share whether rich or poor. This proposal still gives a very large tax of 52% to the richest in our society, additionally after discussions we have decided to lower the tax on essential goods so there is less strain on the poor and they can afford to pay the taxes we have proposed here. Additionally in future after a trial period we may add an additional bracket taking the poorest people out of taxes completely. Sebastian Erhard Minister for Finance |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 159 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 141 |
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