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Bill: Blue Crown Tax Reform, 4225
Details
Submitted by[?]: Centrist Alliance
Status[?]: defeated
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: January 4229
Description[?]:
Proposed by Rebecca Rees (CA-BC Finance Secretary). SEE SPENDING REFORM: http://classic.particracy.net/viewbill.php?billid=523884 Revenue Breakdown: Income Tax - 188,000,000,000 Corporation Tax - 455,000,000 Luxury Goods Tax - 9,000,000,000 Expected Revenue: 197,700,000,000 LPD |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 21
Proposed: 10
Article 2
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 |
> 1,500 LPD | 38% | 10,696,000,000 LPD |
> 2,000 LPD | 40% | 44,670,000,000 LPD |
> 4,000 LPD | 42% | 38,463,000,000 LPD |
> 6,000 LPD | 44% | 29,647,000,000 LPD |
> 8,000 LPD | 46% | 20,609,000,000 LPD |
> 10,000 LPD | 48% | 44,205,000,000 LPD | Total | 188,290,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
Date | 00:38:47, June 15, 2017 CET | From | White Rose | To | Debating the Blue Crown Tax Reform, 4225 |
Message | Mr Speaker, We ended VAT, we reduced corporation tax to 3%... this proposal seems pretty pointless to us. James Stinson Foreign Secretary Deputy Leader of the RCP |
Date | 08:20:14, June 15, 2017 CET | From | Centrist Alliance | To | Debating the Blue Crown Tax Reform, 4225 |
Message | Mr Speaker, Is it really pointless to encourage jobs, lower the percentage of income our lower class (and everyone) pays, and make luxury goods more accessible to working class families? Rebecca Rees CA-BC Speaker |
Date | 16:32:53, June 18, 2017 CET | From | Centrist Alliance | To | Debating the Blue Crown Tax Reform, 4225 |
Message | Mr Speaker, May I correct the evidence brought forward to the House. The expected revenue should be 197,400,000,000 LPD. Rebecca Rees CA-BC Speaker |
Date | 18:53:07, June 18, 2017 CET | From | Patriots Party | To | Debating the Blue Crown Tax Reform, 4225 |
Message | Mr Speaker, In times of economic volatility we should not be making our tax base smaller. It should remain relatively broad so we are not crippled by any economic crisis. |
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Voting
Vote | Seats | |||
yes | Total Seats: 131 | |||
no |
Total Seats: 182 | |||
abstain |
Total Seats: 65 |
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