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Bill: AH-14: Tax Reform Act
Details
Submitted by[?]: National Monarchist Party of Hutori
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: November 4565
Description[?]:
This bill would lower taxes for the lowest bracket and introduce a small corporate profit tax. In addition: I. The only businesses taxed would have over 100 employees. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 9
Proposed: 4
Article 2
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 |
> 19,999 HLR | 11% | 73,484,000,000 HLR |
> 39,999 HLR | 15% | 28,264,000,000 HLR |
> 49,999 HLR | 23% | 32,254,000,000 HLR |
> 59,999 HLR | 28% | 46,779,000,000 HLR |
> 79,999 HLR | 36% | 26,646,000,000 HLR |
> 99,999 HLR | 43% | 8,017,000,000 HLR | Total | 215,444,000,000 HLR |
Debate
These messages have been posted to debate on this bill:
Date | 05:13:22, April 21, 2019 CET | From | National Monarchist Party of Hutori | To | Debating the AH-14: Tax Reform Act |
Message | "Mr. Speaker, We now open this bill for debate." - James Winston (AH-RO) Minister of Finance |
Date | 06:07:53, April 21, 2019 CET | From | National Salvation Front (NSF) | To | Debating the AH-14: Tax Reform Act |
Message | Mr Speaker, We agree to this bill NSF |
Date | 06:23:28, April 21, 2019 CET | From | Liberal Party of Hutori | To | Debating the AH-14: Tax Reform Act |
Message | Mr. Speaker I would seek an Amendment to the Bill that continues to give an exemption to small and medium size businesses from the Corporate Tax Rate in order to protect them, encourage growth and give them to the ability to compete. Senator Erica d'Entremont Liberal Trade & Industry Critic |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 260 | ||||
no |
Total Seats: 155 | ||||
abstain |
Total Seats: 0 |
Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
Random quote: “Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule - and both commonly succeed, and are right.” --H.L. Mencken |