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Bill: Income tax proposal of April 4314
Details
Submitted by[?]: Hutori 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: January 4315
Description[?]:
| This new tax bill will allow more of Hutori's poorest citizens to be exempt from income tax. The new minimum income for paying income tax will be 15,000 HLR. We are also proposing to lower the tax on the lowest 2 brackets by 1% each. The total government revenue after this change will be 468,345,107,700 HLR leaving us with a surplus of 2,020,107,700 HLR. |
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 |
| > 15,000 HLR | 4% | 19,676,000,000 HLR |
| > 25,000 HLR | 15% | 58,962,000,000 HLR |
| > 37,500 HLR | 27% | 66,027,000,000 HLR |
| > 50,000 HLR | 38% | 64,116,000,000 HLR |
| > 62,500 HLR | 50% | 54,855,000,000 HLR |
| > 75,000 HLR | 60% | 72,838,000,000 HLR | Total | 336,474,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 19:58:08, December 07, 2017 CET | From |   Scientian Enclave | To | Debating the Income tax proposal of April 4314 |
| Message | Mdm. Speaker, We will vote in agreement with this bill. - Lyn Kopp Ambassador of the Ataraxian Confederation |
| Date | 20:21:38, December 07, 2017 CET | From | Social Liberal Party | To | Debating the Income tax proposal of April 4314 |
| Message | Mdm. Speaker, We will vote for these cuts. |
| Date | 20:24:07, December 07, 2017 CET | From | Hutori Party | To | Debating the Income tax proposal of April 4314 |
| Message | Madam Speaker, We do realize the the mistake in our last tax proposal that would have brought Hutori into a deficit. We have corrected that with this tax proposal. We thank the Ataraxians for their support on this bill. Elizabeth Jones Leader of the Conservative Party of Hutori Minister of Finance MP for Glentingham East |
| Date | 20:24:48, December 07, 2017 CET | From | Hutori Party | To | Debating the Income tax proposal of April 4314 |
| Message | Madam Speaker, We also thank the social liberals for their support. Elizabeth Jones |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 388 | ||||||
| no |
Total Seats: 123 | ||||||
| abstain | Total Seats: 94 |
| Random fact: Head to the "Language assistance" thread to receive and offer help with translations: http://forum.particracy.net/viewtopic.php?f=5&t=6368 |
| Random quote: "The superior man is distressed by the limitations of his ability; he is not distressed by the fact that men do not recognize the ability that he has." - Confucius |