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Bill: Income tax proposal of March 4464
Details
Submitted by[?]: Allied Conservative 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: November 4465
Description[?]:
| The Allied Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Beluzia. |
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 |
| > 5,000 BEL | 2% | 5,621,000,000 BEL |
| > 10,000 BEL | 3% | 12,043,000,000 BEL |
| > 20,000 BEL | 6% | 9,855,000,000 BEL |
| > 30,000 BEL | 9% | 5,774,000,000 BEL |
| > 40,000 BEL | 12% | 3,603,000,000 BEL |
| > 50,000 BEL | 15% | 1,689,000,000 BEL |
| > 60,000 BEL | 16% | 96,000,000 BEL | Total | 38,681,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 23:00:10, October 03, 2018 CET | From | Allied Conservative Party | To | Debating the Income tax proposal of March 4464 |
| Message | Given the anticipated passage of the Budge Cuts - NCP (April 4464), the Ministry of Finance proposes a 3% tax cut across the board. Drac Kalinaz Minister of Finance |
| Date | 19:58:28, October 04, 2018 CET | From | Confederal Freedom Party | To | Debating the Income tax proposal of March 4464 |
| Message | What do you think about a flat tax? Or combining some of brackets? |
| Date | 20:22:29, October 04, 2018 CET | From | Allied Conservative Party | To | Debating the Income tax proposal of March 4464 |
| Message | More in favor of combining over flat tax rate |
| Date | 23:20:56, October 05, 2018 CET | From | Allied Conservative Party | To | Debating the Income tax proposal of March 4464 |
| Message | Going to push this bill through and see if more parties agree, if not, I will restructure a combine and if that fails a flat. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 251 | |||
| no |
Total Seats: 55 | |||
| abstain |
Total Seats: 119 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "Forgive your enemies, but never forget their names." - John F. Kennedy |