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Bill: Abolish of VAT tax
Details
Submitted by[?]: National Liberal Party
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: February 4546
Description[?]:
| RLP proposes a bill that will not only VAT tax but maintain an new progressive taxing system. With this we hope we abolish VAT taxes, finding them bad for economic consumption and they in general hurt poor people and rich people alike. Also we proposed a progressive taxing system (i know is not what RLP stands for but we need compromise) that will cover the loss of money that came from VAT taxes, |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 20
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 33
Proposed: 0
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 |
| > 1 RUT | 10% | 5,701,000,000 RUT |
| > 1,000 RUT | 25% | 46,889,000,000 RUT |
| > 5,000 RUT | 36% | 24,036,000,000 RUT |
| > 10,000 RUT | 48% | 8,435,000,000 RUT | Total | 85,061,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
| Date | 13:55:14, March 15, 2019 CET | From | National Liberal Party | To | Debating the Abolish of VAT tax |
| Message | NFFR disagrees how soft, why? Do you like flat taxes? Or taxes on essential goods? |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 257 | |||
| no |
Total Seats: 158 | |||
| abstain | Total Seats: 213 |
| 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: "You cannot open a book without learning something." - Confucius |