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Bill: Income tax proposal of April 4219
Details
Submitted by[?]: White Rose
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: December 4219
Description[?]:
| The Royal Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Luthori Republic. |
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 |
| > 1 LPD | 20% | 22,501,000,000 LPD |
| > 2,000 LPD | 25% | 27,912,000,000 LPD |
| > 4,000 LPD | 30% | 27,467,000,000 LPD |
| > 6,000 LPD | 35% | 23,576,000,000 LPD |
| > 8,000 LPD | 40% | 17,917,000,000 LPD |
| > 10,000 LPD | 45% | 18,217,000,000 LPD |
| > 12,500 LPD | 50% | 25,792,000,000 LPD | Total | 163,382,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:07:13, May 31, 2017 CET | From | White Rose | To | Debating the Income tax proposal of April 4219 |
| Message | Mr Speaker, This addresses the current high tax problem we have quickly and fairly with a progressive tax system. James Stinson Deputy Leader of the RCP |
| Date | 14:58:35, May 31, 2017 CET | From | Patriots Party | To | Debating the Income tax proposal of April 4219 |
| Message | Mr Speaker, Our current expenditure is approx 199 Billion LDP. This income tax change would reduce the tax intake (excluding corporation tax) by about 44 Billion LPD. When we recently proposed a reduction in our expenditure the RCP voted against it. I have to say they are the most economically illiterate party I have ever witnessed. Until expenditure is cut we cannot propose ridiculous tax cuts such as this. Budget deficits are something which I would have thought a 'Conservative party' would have frowned upon. Peter Wright Prime Minister. |
| Date | 15:22:19, May 31, 2017 CET | From | White Rose | To | Debating the Income tax proposal of April 4219 |
| Message | Mr Speaker, That reduction is the point. The new budget would ensure no deficit and living within our means with a fairer tax system. This Conservative Party wants low tax, and we're willing to make budget cuts to do so. James Stinson Deputy Leader of the RCP |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 23 | ||||
| no |
Total Seats: 327 | ||||
| abstain |
Total Seats: 0 |
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