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Bill: Budget - Income
Details
Submitted by[?]: Federální Libertariánská Společnost
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: March 4758
Description[?]:
| The Federální Libertariánská Společnost propose to adjust the government's income tax policy to better address the economic situation of the Deltarska Federace (Deltarian Federation). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 24
Current: 25
Proposed: 5
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 1
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 20
Proposed: 5
Article 4
Proposal[?] to change
Taxation of religious institutions.
Old value:: Recognized religions are not taxed.
Current: Recognized religions are not taxed.
Proposed: All religious income, despite the use, is taxed.
Article 5
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 |
| > 15,000 DTE | 15% | 531,200,000,000 DTE |
| > 100,000 DTE | 20% | 197,956,000,000 DTE | Total | 729,156,000,000 DTE |
Debate
These messages have been posted to debate on this bill:
| Date | 22:19:59, May 17, 2020 CET | From | Deltarijanska Demokratska Unija - HD | To | Debating the Budget - Income |
| Message | These changes in taxes will not only hurt the average Deltarian citizen but will bring us in serious debt. We are in favour of certain privatizations. But we are against a massive accumilation of debt as a result of it. Alois Horak, President of the KDU |
| Date | 20:08:37, May 18, 2020 CET | From | Federální Libertariánská Společnost | To | Debating the Budget - Income |
| Message | Apologies for interrupting on your concerns, but considering the sales tax and corporate tax decreases, this bill will hurt the average Deltarian how? Considering our other taxes as well, this budget will still provide a surplus, funnily enough. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 206 | |
| no | Total Seats: 45 | |
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "Democrats couldn't care less if people in Indiana hate them. But if Europeans curl their lips, liberals can't look at themselves in the mirror." - Ann Coulter |