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Bill: Income tax proposal of January 4788
Details
Submitted by[?]: White Rose
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: September 4788
Description[?]:
| The White Rose propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthorian Empire (Luthori). This will allow heavy investment and spending improvements. |
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 |
| > 1 LPD | 20% | 22,586,000,000 LPD |
| > 2,000 LPD | 30% | 16,948,000,000 LPD |
| > 3,000 LPD | 40% | 22,231,000,000 LPD |
| > 4,000 LPD | 50% | 24,373,000,000 LPD |
| > 5,000 LPD | 60% | 148,990,000,000 LPD | Total | 235,128,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 10:06:49, July 21, 2020 CET | From | Socialist Party | To | Debating the Income tax proposal of January 4788 |
| Message | Mr. Speaker, The mean salary is above 5 000 LPD. You're going to tax the middle class. Is that what you stand for? Pedro Carvalos, MP. |
| Date | 13:27:28, July 21, 2020 CET | From | White Rose | To | Debating the Income tax proposal of January 4788 |
| Message | Mr Speaker, We are actually moving the burden to a broader section of society as we intend to abolish VAT on essential goods and slightly increase it on luxuries, to restore parity for the people. |
| Date | 14:49:26, July 21, 2020 CET | From | Socialist Party | To | Debating the Income tax proposal of January 4788 |
| Message | Mr. Speaker, Yes, to a broader section of society which just means you're increasing taxes for the middle class. I want everyone to hear that. Your tax plans are not beneficial for the Luthorian people and we're happy to see all the opposition united against those projects. Pedro Carvalos, MP. |
| Date | 14:55:07, July 21, 2020 CET | From | White Rose | To | Debating the Income tax proposal of January 4788 |
| Message | Mr Speaker, Increasing taxes on the wealthy to fund public services and VAT abolition, yes. As a wealthy individual, I welcome paying more. |
| Date | 15:08:55, July 21, 2020 CET | From | Socialist Party | To | Debating the Income tax proposal of January 4788 |
| Message | Mr. Speaker, I know many people, whether they are White Rose or Socialist Party voters who earn more than 5 000 LPD and are NOT wealthy. This is a real mockery you're doing here! You pretend you're doing this to fund public services and VAT abolition. But how do you know you have a majority of seats supporting both bills in this parliament? 60 % taxes for people who have already difficulties paying their bills, paying for their rents. How disgraceful that is! The symbolic is there and no matter what you're doing with the money, this won't compensate in any way. The Socialist Party wants less taxes on the poor and on the middle class while the White Rose wants more taxes for their little plans, that you don't know if they have a majority on both bills! Once everyone understands, your party will be over just like the LCP was at a time and you won't be able to ignore the democratically elected Imperator Tom Jones. By the way, the LDL, which provides confidence and supply to your cabinet, rejects this reform, it's already starting to look bad for the new White Rose cabinet! Pedro Carvalos, MP. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 220 | ||||
| no |
Total Seats: 114 | ||||
| abstain | Total Seats: 16 |
| Random fact: When elections in a country are held, all bills in the voting phase are reset to the debate phase. |
| Random quote: "If men want to oppose war, it is statism that they must oppose." - Ayn Rand |