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Bill: Income tax proposal of October 4559
Details
Submitted by[?]: Hutori 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: June 4562
Description[?]:
| The Royal Conservative Party of Hutori propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Hutori (Hutori). |
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 |
| > 11,999 HLR | 4% | 17,739,000,000 HLR |
| > 19,999 HLR | 11% | 73,436,000,000 HLR |
| > 39,999 HLR | 15% | 28,252,000,000 HLR |
| > 49,999 HLR | 23% | 32,238,000,000 HLR |
| > 59,999 HLR | 28% | 46,730,000,000 HLR |
| > 79,999 HLR | 33% | 24,382,000,000 HLR |
| > 99,999 HLR | 43% | 7,997,000,000 HLR | Total | 230,774,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
| Date | 05:05:04, April 13, 2019 CET | From |  Hutori Party | To | Debating the Income tax proposal of October 4559 |
| Message | Mr Speaker, After the good progress that was made by the previous Minister of Finance, I stand today to introduce another tax cut. This time, for Hutori's lowest earners. We were elected on the promise of fighting for the middle class, and those working hard to join it, and this tax cut does just that. By giving Hutori's lowest earners a tax break, it puts more money back in their pockets so that they can get ahead, not just get by. Hutori can afford this tax cut because of the strong fiscal management of previous Conservative governments. We currently have a surplus of over 28 billion Lira, and it is high time we put some of that money back into the pockets of hard working Hutorians. After this cut, our surplus will stand at approximately 9.85 billion Lira, which is still a very healthy surplus. Hon. Jacob Houston Senator for Glentingham East Minister of Finance |
| Date | 00:34:56, April 17, 2019 CET | From | National Monarchist Party of Hutori | To | Debating the Income tax proposal of October 4559 |
| Message | “‘Mr. Speaker, We will support this.” Robert Bell (AH-AD) Prime Minister of Hutori |
| Date | 05:43:32, April 17, 2019 CET | From | Hutori Party | To | Debating the Income tax proposal of October 4559 |
| Message | OOC: forgot I didn't put this up for a vote. Thanks for throwing a debate message in to remind me lol |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 148 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 57 |
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