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Bill: Flat and Fair Revenue Act of June 4218 (FFRA)
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 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 4219
Description[?]:
| The Ministry of Finance proposes to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. We offer a tax plan that will increase revenue modestly from current levels while offering a tax cut to the highest brackets with the hopes of spurring private investment in the nation. The proposed tax bracket reorganization offers a fair and simple tax system for all Rutanians. The Ministry present this plan to modestly raise revenue to achieve a surplus of 5 billion rutas annually in anticipation of the successful negotiation of a High Speed Rail corridor, and to provide funding for the planning phase of a moderated version of the 'Sustainable Cities Program" and the spending that would accompany them. Chancellor of the Exchequer Neville Stromberg |
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 |
| > 2,000 RUT | 25% | 13,469,000,000 RUT |
| > 3,000 RUT | 25% | 10,983,000,000 RUT |
| > 4,000 RUT | 25% | 8,179,000,000 RUT |
| > 5,000 RUT | 25% | 21,089,000,000 RUT | Total | 53,720,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 01:48:15, May 30, 2017 CET | From | Whig Party | To | Debating the Flat and Fair Revenue Act of June 4218 (FFRA) |
| Message | Mr. Speaker, The Ministry of Finance presents this bill for the consideration of the Peoples Assembly. Chancellor of the Exchequer Neville Stromberg |
| Date | 05:05:44, May 30, 2017 CET | From | Rutania Party | To | Debating the Flat and Fair Revenue Act of June 4218 (FFRA) |
| Message | Mr. Speaker RP are in full support |
| Date | 07:10:21, May 30, 2017 CET | From | United Democratic Party of Rutania | To | Debating the Flat and Fair Revenue Act of June 4218 (FFRA) |
| Message | Mr Speaker, We shall support this bill as the government needs these funds to help move the nation forward. UDPR Party Representative, Nikolas Jaymes Love |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 370 | ||||
| no |
Total Seats: 354 | ||||
| abstain | Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "Economic advance is not the same thing as human progress." - John Clapham |