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Bill: Income tax proposal of May 4319
Details
Submitted by[?]: Democratic Socialist Party of Rutania
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: April 4320
Description[?]:
| The Democratic Socialist Party of Rutania propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania. |
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 |
| > 1,000 RUT | 10% | 2,857,000,000 RUT |
| > 1,500 RUT | 15% | 4,286,000,000 RUT |
| > 2,000 RUT | 20% | 26,129,000,000 RUT |
| > 5,000 RUT | 45% | 37,976,000,000 RUT | Total | 71,248,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 23:57:25, December 17, 2017 CET | From | Whig Party | To | Debating the Income tax proposal of May 4319 |
| Message | Mr. Speaker, this proposal offers a slightly better plan than the previous plan proposed by the DSPR, we are willing to support most of what this proposes however we maintain that should the income tax be extended to lower incomes at a reduced rate as suggested in this bill without raising the top tax rate above 35%, therefore we shall release an alternative tax plan to the Peoples Assembly Whig Finance Spokesman - Phillip Barnhill -Former Minister of Finance |
| Date | 13:24:15, December 18, 2017 CET | From | United Democratic Party of Rutania | To | Debating the Income tax proposal of May 4319 |
| Message | Mr Speaker, The UDPR still believes that 45% is too high in terms of taxes for anyone to have to pay regardless of their position. UDPR Finance Representative, Ted Power |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 351 | |||||
| no |
Total Seats: 380 | |||||
| abstain |
Total Seats: 19 |
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