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Bill: Income tax proposal of January 4374
Details
Submitted by[?]: Hutori Party
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: December 4374
Description[?]:
| This bill will make the following changes to the personal income tax system: Lowest bracket will start at 20,000 HLR (previously 15,000 HLR) Lowest bracket tax will decrease 4% from 9% to 5% All brackets above the lowest will decrease by 3%. |
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 |
| > 20,000 HLR | 5% | 15,656,000,000 HLR |
| > 27,500 HLR | 17% | 60,098,000,000 HLR |
| > 40,000 HLR | 32% | 60,163,000,000 HLR |
| > 50,000 HLR | 42% | 70,700,000,000 HLR |
| > 62,500 HLR | 57% | 62,393,000,000 HLR |
| > 75,000 HLR | 67% | 81,056,000,000 HLR | Total | 350,066,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 05:24:40, April 06, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of January 4374 |
| Message | Mr Speaker, It is a great pleasure to stand here today and propose this new taxation system. We have increased the personal income tax threshold to 20,000 HLR meaning more Hutorians will not have to pay income tax. We have also lowered the tax on the lowest bracket by 4%, and lowered each of the other brackets by 3%. This means all Hutorians get to keep more of their hard earned money. Pascale Rousseau Finance Minister of the Commonwealth of Hutori MP for Anslem Centre |
| Date | 12:38:31, April 06, 2018 CET | From | Foward Liberal Party of Hutori | To | Debating the Income tax proposal of January 4374 |
| Message | Mr Speaker, I can appreciate the right honourable gentleman's position on lifting the tax burden on the citizens of Hutori, but we have to consider the heavy deficit of 1 Billion HLR. Unless we want to consider ourselves under heavy foreign strain with parties burdened with increasing debt, we should consider try to close this deficit before it becomes a greater problem. And could it not be argued that, with a Cabinet that took 3 proposals and 2 years of a 4 year term to form, that a possible socialist victory in the next election is why the Conservative Party is trying to gain favour with a budget that could see itself revoked in 2 years time. Ella Sandron, HNLP Candidate for Finance |
| Date | 16:03:10, April 06, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of January 4374 |
| Message | Mr Speaker, I thank the honorable member for her concern regarding the deficit and recognizing that Hutori must balance the budget. If the member would take a look at our budget proposal and do some simple math, she would know that we will actually be left with a surplus of approximately 600 million HLR. This budget is something we have been fighting for for decades now. Pascale Rousseau Finance Minister for the Commonwealth of Hutori MP for Anslem Centre |
| Date | 01:41:46, April 07, 2018 CET | From | Ultrackian Communist Party | To | Debating the Income tax proposal of January 4374 |
| Message | Taxes are already much to low, how can you justify lowering them further? |
| Date | 18:11:55, April 07, 2018 CET | From | Hutori Party | To | Debating the Income tax proposal of January 4374 |
| Message | Mr Speaker, How can the member opposite say that taxes are much too low? Can he seriously look a citizen of this nation in their face and tell them that they do not pay enough tax? Especially one of the citizens we are relieving of paying income tax at all to allow them to put food on the table and a roof over their heads? Pascale Rousseau Minister of Finance MP for Anslem Centre |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 287 | ||||
| no | Total Seats: 318 | ||||
| abstain | Total Seats: 0 |
| Random fact: Particracy has 464 player slots. |
| Random quote: "I've noticed that everybody that is for abortion has already been born." - Ronald Reagan, quoted in New York Times, 22 September 1980 |