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Bill: Income tax proposal of October 2212
Details
Submitted by[?]: Republican 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 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 2213
Description[?]:
| **Ministry of Finance** We are proposing a new spending policy to help take away some corporate taxes and increase spending in important areas. |
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 |
| > 3,000 ACR | 20% | 17,869,000,000 ACR |
| > 5,000 ACR | 25% | 14,409,000,000 ACR |
| > 7,000 ACR | 30% | 27,423,000,000 ACR | Total | 59,701,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 18:38:10, April 09, 2006 CET | From |  Ducal Delegation | To | Debating the Income tax proposal of October 2212 |
| Message | We prefer the 'flat rate' income tax which is already in place. In principle we support reducing corporation tax, but would like to see public spending pruned a fraction first, just to make sure Aldegar's budget doesn't slip into the red too much. Percy Waterman (Personal Secretary to the Grand Duke of Hikirena) |
| Date | 19:34:37, April 09, 2006 CET | From | Sunshine Party | To | Debating the Income tax proposal of October 2212 |
| Message | In principle we would support a reduction in corporation tax but we would also like to see how and where the public's money will be saved and the deficit cut. |
| Date | 20:29:38, April 09, 2006 CET | From | Republican Party | To | Debating the Income tax proposal of October 2212 |
| Message | The corporate tax will be lowered to 1% after this is passed. OOC: This tax proposal eliminates the 'flat tax' that is not in any real world country, simply because it doesn't work. IC: This tax proposal also gives more money to the people who really do need it, so this proposal should be voted in favor if you want to help out the people in poverty. |
| Date | 20:49:15, April 09, 2006 CET | From | Fenner Brockway Socialist Party | To | Debating the Income tax proposal of October 2212 |
| Message | We don't support this but we also oppose the current system. We will bring forward our own proposals. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 78 | ||||
| no |
Total Seats: 215 | ||||
| abstain |
Total Seats: 82 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "I am a conservative to preserve all that is good in our constitution, a radical to remove all that is bad. I seek to preserve property and to respect order, and I equally decry the appeal to the passions of the many or the prejudices of the few." - Benjamin Disraeli |