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Bill: Income tax proposal of November 4222
Details
Submitted by[?]: Communist Party of Valruzia
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 4223
Description[?]:
| The Socialist Workers Party propose to adjust the government's income tax policy to better address the economic situation of the Free Valruzian Union. |
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 |
| > 5,000 VPO | 10% | 28,583,000,000 VPO |
| > 10,000 VPO | 23% | 198,993,000,000 VPO |
| > 30,000 VPO | 40% | 119,726,000,000 VPO |
| > 50,000 VPO | 45% | 58,651,000,000 VPO |
| > 75,000 VPO | 50% | 19,355,000,000 VPO |
| > 100,000 VPO | 70% | 3,980,000,000 VPO |
| > 250,000 VPO | 80% | 0 VPO |
| > 500,000 VPO | 85% | 0 VPO |
| > 1,000,000 VPO | 92% | 0 VPO |
| > 10,000,000 VPO | 95% | 0 VPO | Total | 429,288,000,000 VPO |
Debate
These messages have been posted to debate on this bill:
| Date | 19:41:08, June 07, 2017 CET | From | Federal Ecologist Party | To | Debating the Income tax proposal of November 4222 |
| Message | The Socialist Workers Party seem to live in delusion. They seem to think it is fair to take 70,000 from people who make just 100,000. What's worse is that they think people can live on 4,500 VPO a year. They live in some fantasy world! Not surprising seeing as John MacDonald's paycheck puts him in the top 1%! Liam Raymond President of the F-EP |
| Date | 19:46:47, June 07, 2017 CET | From | Social Democratic Party | To | Debating the Income tax proposal of November 4222 |
| Message | Currently Valuz is making a yearly budget surplus of approx. 105,000,000,000. The SWP are proposing a incomprehensible increase of 6bn in return for a expenditure increase of 13bn. This stillleaves Valuz with a budget surplus of 98bn. For this reason I ask Chancellor Rodgers to reconsider his proposed tax increases. Dylan Loftus Leader of the Social Democratic Party |
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Voting
| Vote | Seats | |
| yes | Total Seats: 211 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 69 |
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