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Bill: Income tax proposal of June 4254

Details

Submitted by[?]: Secularist, Socialist Party of Baltusia

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: February 4255

Description[?]:

The Secularist, Socialist Party of Baltusia propose to adjust the government's income tax policy to better address the economic situation of the Baltusia.

Below I have provided a range of before-tax incomes, the tax which would be payed on them under this system and the percentage of the before-tax income which that tax amounts to:

30,000 BLD - 0 BLD - 0%
40,000 BLD - 500 BLD - 12.5%
70,000 BLD - 8000 BLD - 11.43%
80,000 BLD - 11,000 BLD - 13.75%
100,000 BLD - 18,000 BLD - 18%
125,000 BLD - 29,250 BLD - 23.4%
150,000 BLD - 43,000 BLD - 28.67%
180,000 BLD - 61,000 BLD - 33.89%
200,000 BLD - 75,000 BLD - 37.5%
500,000 BLD - 285,000 BLD - 57%
1,000,000 BLD - 635,000 BLD - 63.5%

Proposals

Debate

These messages have been posted to debate on this bill:

Date07:49:05, August 10, 2017 CET
FromUnited Democratic Party - Liberal
ToDebating the Income tax proposal of June 4254
MessageI cannot vote for this bill because it will put us back into a budget deficit of 4 billion.

Date13:11:01, August 10, 2017 CET
FromBaltusian International Democratic Party
ToDebating the Income tax proposal of June 4254
MessageMembers of Parliament,

Look, I of course want tax decreases, of course I do!

But this isn't the way to go about it. There are other places we can look to decrease taxes too, rather than having a sudden income tax decrease. I would much rather take a steady and measured approach and looking to cut taxes across the board, rather than just a massive income tax decrease which will lead to a deficit - again!

Let's rethink this and cooperate.

Brian Burgmuller
Leader of the Republicans

Date14:42:47, August 10, 2017 CET
FromBaltusian Green Alliance
ToDebating the Income tax proposal of June 4254
MessageMembers of Parliament,

A tax decrease, proposed by the left, is alway embraced with applause by our party, as we believe that taxes and spending should be drastically reduced.

Thank you very much,
Karl Hare,
Whip of the BGA

Date17:38:32, August 10, 2017 CET
FromSecularist, Socialist Party of Baltusia
ToDebating the Income tax proposal of June 4254
MessageMember of Parliament,

I cannot think of a better place to cut taxes than for those who are the worst off in our society.

The four billion dollars this would leave us with a deficit of represents only 0.5% GDP, I put it to the Moderates and the Republicans that that is a good point to begin at.

As I have explained time and time again to the Republicans, a deficit is necessary for a healthy economy.

Flossie Hambleton
Secretary of State for Finance

Date17:46:17, August 10, 2017 CET
FromBaltusian International Democratic Party
ToDebating the Income tax proposal of June 4254
MessageMembers of Parliament,

Do the SSPB not recognise we have THE HIGHEST corporation tax rate in the Terra at 75%! We also have a luxury goods tax at 50%. These things should be addressed as well as massively cutting tax for the worse off.

A $4bn BLD deficit is unhealthy come a recession.

The people understand this and will vote out the Left Bloc next election.

Brian Burgmuller
Leader of the Republicans

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Voting

Vote Seats
yes
     

Total Seats: 312

no
  

Total Seats: 195

abstain
 

Total Seats: 93


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