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Bill: Budget Agreement Negotiations: Incomes Taxes
Details
Submitted by[?]: National Movement
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: January 4825
Description[?]:
| The National Movement propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthorian Empire (Luthori). |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 6
Proposed: 1
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 21
Proposed: 15
Article 3
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% | 22,540,000,000 LPD |
| > 2,000 LPD | 30% | 16,913,000,000 LPD |
| > 3,000 LPD | 40% | 22,185,000,000 LPD |
| > 4,000 LPD | 45% | 21,888,000,000 LPD |
| > 5,000 LPD | 55% | 136,186,000,000 LPD | Total | 219,712,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:35:39, October 01, 2020 CET | From | National Movement | To | Debating the Budget Agreement Negotiations: Incomes Taxes |
| Message | Hello, We propose to reduce the fourth and fifth income brackets. The 4000-5000 LPD bracket will be reduced from 50 % to 45 % and the >5000 LPD will be reduced from 60 to 55 %. That way, the middle will have more money to spend and less taxes. This leaves us with 20 billions to cut somewhere else. |
| Date | 13:39:37, October 01, 2020 CET | From | National Movement | To | Debating the Budget Agreement Negotiations: Incomes Taxes |
| Message | We also to propose to reduce the sales taxes on luxury goods and add a small 1 % tax on essential goods, to compensate a little. |
| Date | 17:45:35, October 01, 2020 CET | From | Conservative Liberal Party | To | Debating the Budget Agreement Negotiations: Incomes Taxes |
| Message | We agree |
| Date | 18:47:01, October 01, 2020 CET | From | Holy Party of Luthori | To | Debating the Budget Agreement Negotiations: Incomes Taxes |
| Message | Mr. Speaker, Why do you reduce the taxes on luxury goods while incresing it on essentials? A better alternative would be to reduce the taxes on luxuries a bit less. Essentials are literally what they are called, ESSENTIALS, Clearly you do not care about our people, you only care about the 1% of people who do not have a problem with essentials Henry Miller, MP |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 77 | ||||
| no |
Total Seats: 58 | ||||
| abstain | Total Seats: 0 |
| Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
| Random quote: "The problem is big government. If whoever controls government can impose his way upon you, you have to fight constantly to prevent the control from being harmful. With small, limited government, it doesn't much matter who controls it, because it can't do you much harm." - Harry Browne |