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Bill: Income tax proposal of May 4715
Details
Submitted by[?]: National Conservative Party (NCP)
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: January 4716
Description[?]:
| The National Conservative Party (NCP) propose to adjust the government's income tax policy to better address the economic situation of the United States of Baltusia. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 0
Proposed: 42
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 10
Article 3
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 13
Current: 0
Proposed: 30
Article 4
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 |
| > 1,000 BLD | 3% | 85,731,000,000 BLD | Total | 85,731,000,000 BLD |
Debate
These messages have been posted to debate on this bill:
| Date | 10:25:24, February 23, 2020 CET | From | National Conservative Party (NCP) | To | Debating the Income tax proposal of May 4715 |
| Message | We believe our current tax system should be reformed. We propose that the income tax should be reformed to near elimination, with a flat rate of just 3%. This will lift a huge tax burden off of the working people of Baltusia, and will stimulate the economy as working Baltusians will have more money to spend. In order to make up for the loss of revenue that these tax cuts will cause, we propose that the bulk of the tax revenue come from the wealthy and transnational corporations. As such, we propose increases to the luxury goods tax and the corporate tax. This will make up for the loss of revenue caused by the income tax cuts. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 56 | |||
| no | Total Seats: 32 | |||
| abstain | Total Seats: 37 |
| Random fact: In Culturally Protected nations, special care must be taken to ensure realism is maintained when role-playing a government controlled by an ethnic and/or religious minority. If it is to be supposed that this government is supported by a majority of the population, then this should be plausibly and sufficiently role-played. The burden of proof is on the player or players role-playing such a regime to demonstrate that it is being done realistically |
| Random quote: "Since a politician never believes what he says, he is quite surprised to be taken at his word." Charles De Gaulle (1890 - 1970) |