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Bill: Tax-Relief Tax Act of 4206
Details
Submitted by[?]: Whig 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 not pass any sooner than the deadline.
Voting deadline: July 4208
Description[?]:
| The Whig Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 20
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 33
Proposed: 30
Article 3
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 |
| > 2,000 RUT | 15% | 8,072,000,000 RUT |
| > 3,000 RUT | 20% | 8,775,000,000 RUT |
| > 4,000 RUT | 25% | 8,167,000,000 RUT |
| > 5,000 RUT | 30% | 25,250,000,000 RUT | Total | 50,264,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 17:08:11, May 05, 2017 CET | From | Whig Party | To | Debating the Tax-Relief Tax Act of 4206 |
| Message | Following the passage of the Corporate Tax Reform Act and the Budget being voted on we plan to introduce this tax plan to offer much needed tax relief to the People of Rutania and allow those funds to flow back into the economy. -Elmer Clark Former President Chairman of the Whig Party |
| Date | 11:45:00, May 06, 2017 CET | From | Libertarian Party | To | Debating the Tax-Relief Tax Act of 4206 |
| Message | Mr. Speaker, Our party would support these measures. We would however like to see the budget balanced, so therefore we ask for additional cuts to the budget. Miriam Mason, Deputy Leader Libertarian Party |
| Date | 18:35:45, May 06, 2017 CET | From | Whig Party | To | Debating the Tax-Relief Tax Act of 4206 |
| Message | Mr. Speaker, Addressing the concerns of Deputy Leader Mason the Libertarian Party, the Treasury does not intend to pursue these tax cuts until we can see the results of the Corporate Tax Reform Act. -Chancellor of the Exchequer Neville Stromberg |
| Date | 17:37:26, May 07, 2017 CET | From | Whig Party | To | Debating the Tax-Relief Tax Act of 4206 |
| Message | Mr. Speaker, The results of the Corporate Tax Reform Act are now in, we ask our colleagues in the governing coalition to work with us and help us formulate a path forward to deliver these tax cuts without incurring a budget deficit -Elmer Clark Former President Whig Party Chairman |
| Date | 17:51:18, May 08, 2017 CET | From | Whig Party | To | Debating the Tax-Relief Tax Act of 4206 |
| Message | Mr. Speaker, We ask for the approval of the Peoples Assembly of this Tax plan, we believe through the income derived from this bill the Commonwealth will be able to invest more in Infrastructure as well as undoing previous cuts to the Education Ministry. Elmer Clark Former President Whig Party Chairman |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 424 | ||||
| no | Total Seats: 212 | ||||
| abstain | Total Seats: 88 |
| Random fact: Party organizations are eligible for deletion if they are over 50 in-game years old, do not have at least 1 active member or are historically significant and possess historically significant information. |
| Random quote: "The only way I can lose this election is if I'm caught in bed with either a dead girl or a live boy." - Edwin W. Edwards |