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Bill: Major taxation reform proposal of July 4459
Details
Submitted by[?]: Gloire et Dignité
Status[?]: defeated
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: March 4460
Description[?]:
| Gloire et Dignité propose to adjust the government's income tax policy to better address the economic situation of the République de Rildanor (Republic of Rildanor). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 32
Current: 16
Proposed: 25
Article 2
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 RCR | 15% | 43,718,000,000 RCR |
| > 5,000 RCR | 20% | 41,726,000,000 RCR |
| > 10,000 RCR | 25% | 64,051,000,000 RCR | Total | 149,495,000,000 RCR |
Debate
These messages have been posted to debate on this bill:
| Date | 15:41:45, September 24, 2018 CET | From | Gloire et Dignité | To | Debating the Major taxation reform proposal of July 4459 |
| Message | Please take into account that the average revenue in this country is 7250 RCR (divide the GDP by the population of the country). This reform might seem unfair to poor, people but it is in fact the last governments who were unfair on the well-off. Their taxation policy was very hard on the richest of this country (more than 50% income tax rate) and they all went away. This is why our country is so poor ! Moreover, the old tax system was hard to understand with too many income brackets. Time is for change ! Vote for an easier an more efficient tax system, our citizens will love it! |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 32 | |||
| no |
Total Seats: 25 | |||
| abstain |
Total Seats: 18 |
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