We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Flatter and Fairer Taxes
Details
Submitted by[?]: Konservative Partei
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: February 4491
Description[?]:
| It is time to rebalance the tax system and wind back the class warfare of the socialists. The 55 per cent marginal income tax rate is a prime example of the evils of class envy. Our government believes that if you earn money through work, you have a better claim over that money than the government. The notion that the government is entitled to more than half of it is absurd and unjust. Our proposal will result in a fairer balance in the income tax system. Reforms to the consumption taxes are also needed. The 35 per cent tax on non-essential goods is absurdly counterproductive. It ignores the fact that poorer people also engage in discretionary spending on non-essential goods. The consequence of a 35 per cent rate is that it prices them out of buying goods that will raise their enjoyment of life. We think everyone should be able to afford the odd luxury, and that's what our flatter, fairer sales tax system will achieve. - Robin Gensing, finance minister. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 2
Proposed: 8
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 20
Proposed: 22
Article 3
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 |
| > 10,000 DUM | 8% | 68,427,000,000 DUM |
| > 25,000 DUM | 22% | 133,320,000,000 DUM |
| > 40,000 DUM | 36% | 309,300,000,000 DUM | Total | 511,047,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 125 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve 'the common good.' It is true that capitalism does, if that catch-phrase has any meaning, but this is merely a secondary consequence. The moral justification for capitalism lies in the fact that it is the only system consonant with man's rational nature, that it protects man's survival qua man, and that its ruling principle is justice." - Ayn Rand |