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Bill: Income tax cuts proposal of August 4377
Details
Submitted by[?]: Alt-Right Alliance
Status[?]: passed
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: April 4378
Description[?]:
The Alt-Right Alliance propose to adjust the government's income tax policy to better address the economic situation of the Republiek van Seridjan (Republic of Saridan). |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 21
Proposed: 40
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 22
Current: 40
Proposed: 20
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 0
Proposed: 6
Article 4
Proposal[?] to change The nation's policy on minimum wage regulation.
Old value:: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Current: There shall be a minimum wage at a level that a full time worker on it can support a family of four without falling under the poverty line.
Proposed: There shall be a minimum wage at a level that a single full time worker on it can adequately subsist.
Article 5
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 |
> 5,000 SAD | 3% | 8,438,000,000 SAD |
> 10,000 SAD | 7% | 18,966,000,000 SAD |
> 15,000 SAD | 9% | 21,477,000,000 SAD |
> 20,000 SAD | 14% | 24,088,000,000 SAD |
> 25,000 SAD | 19% | 23,130,000,000 SAD |
> 30,000 SAD | 23% | 51,269,000,000 SAD |
> 45,000 SAD | 25% | 26,111,000,000 SAD |
> 60,000 SAD | 30% | 12,129,000,000 SAD | Total | 185,608,000,000 SAD |
Debate
These messages have been posted to debate on this bill:
Date | 15:08:17, April 13, 2018 CET | From | Saridani National Party | To | Debating the Income tax cuts proposal of August 4377 |
Message | Do You wish to discourage businesses entering saridan? |
Date | 16:00:01, April 13, 2018 CET | From | Die Nasionale Volk se Voorkant | To | Debating the Income tax cuts proposal of August 4377 |
Message | The NVV supports most of these tax proposals, we would simply wish to see the bracket percentage for those who earn between 20,000 and 60,000 lowered by around 2-4% |
Date | 18:05:30, April 13, 2018 CET | From | Alt-Right Alliance | To | Debating the Income tax cuts proposal of August 4377 |
Message | We are actually encouraging businesses to enter Saridan. We lowered the corporate tax rate by 2%. Income tax across the board and sales tax have both been cut. The only tax that has risen is the luxury sales tax. We had to raise it in order to avoid a budget deficit because of the other tax cuts made. The ARA, since elected, have lowered the corporate tax rate by more than 10 percent overall. We have also massively cut income taxes across the board in previous tax proposals. So we reject the claim by the SNP that we want to discourage businesses entering Saridan. The ARA has prioritised tax cuts. Since our election, our tax plan has added over 200 billion SAD to the nation's GDP. |
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Voting
Vote | Seats | ||
yes | Total Seats: 500 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
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