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Bill: Income tax proposal of September 4542
Details
Submitted by[?]: Hosian Democratic Alliance
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: May 4543
Description[?]:
| The Hosian Democratic Alliance propose to adjust the government's income tax policy to better address the economic situation of the United Solentian Republic. I commend these changes to the Senate. Minister Otto Scott Minister of Finance |
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 |
| > 35,000 SOL | 25% | 40,517,000,000 SOL |
| > 40,000 SOL | 30% | 78,007,000,000 SOL |
| > 50,000 SOL | 35% | 67,011,000,000 SOL |
| > 60,000 SOL | 40% | 54,288,000,000 SOL |
| > 70,000 SOL | 45% | 54,388,000,000 SOL |
| > 80,000 SOL | 50% | 52,712,000,000 SOL |
| > 90,000 SOL | 55% | 47,201,000,000 SOL |
| > 100,000 SOL | 60% | 88,854,000,000 SOL | Total | 482,978,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 00:03:02, March 10, 2019 CET | From |  Humanist Party | To | Debating the Income tax proposal of September 4542 |
| Message | We have some concerns with the tax rates, we do not believe that anyone earning under 250,000 per annum should be taxed at anything above 50%, however.. Considering the current tax laws are as they are, this is perhaps the best choice we are currently given. - The Humanist Party |
| Date | 00:15:08, March 10, 2019 CET | From | Hosian Democratic Alliance | To | Debating the Income tax proposal of September 4542 |
| Message | I would impress upon my Senatorial colleagues that currently every 1 SOL- 30,000 SOL earned is taxed at 30%. The above proposal removes these incomes, the poorest in our society, from income tax altogether and represents the largest economic benefit to hard working families in a generation. Taxation levels elsewhere may be considered high by some, however this was done in order to minimise losses to departmental budgets. Future restructuring could change this. Minister Otto Scott, Minister of Finance |
| Date | 00:16:01, March 10, 2019 CET | From | Democratic Centralist Party | To | Debating the Income tax proposal of September 4542 |
| Message | Our party will decline this bill. We believe we can generate more revenue from taxes by setting out different salary brackets and tax rates. DCP |
| Date | 00:32:55, March 10, 2019 CET | From | Liberal Party | To | Debating the Income tax proposal of September 4542 |
| Message | I am very sorry but Liberal Party must vote against this proposal. Our party a some time ago propose this bill http://classic.particracy.net/viewbill.php?billid=592854. We dont think that our propose are ideal but we think its good for start. We must oppose because taxes are to high and revenue not. Jovicic N. |
| Date | 01:56:09, March 10, 2019 CET | From | Social Democratic Party | To | Debating the Income tax proposal of September 4542 |
| Message | We proudly support this progressive legislation. Please vote yes. We do not need to tax lower incomes |
| Date | 08:46:56, March 10, 2019 CET | From | Humanist Party | To | Debating the Income tax proposal of September 4542 |
| Message | We have considered this bill, though it is not entirely agreed we believe that it is better than the current system and it may always be changed in the future if another option is more agreeable. As it protects those in the lowest bracket of income, we have chosen to vote in favour, but we voice our concerns at the higher rates being paid and are remain open to new proposals in the future. - The Humanist Party. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 29 | |||
| no | Total Seats: 46 | |||
| abstain |
Total Seats: 0 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "A conservative is a man who sits and thinks, mostly sits." - Woodrow Wilson |