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Bill: Income tax proposal of August 5025
Details
Submitted by[?]: Rutanian Centre Party
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: November 5027
Description[?]:
The Rutanian Centre Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Rutania (Rutania). We propose this for the consideration of the Finance Minister and the President, in light of the reduction in consumption since taxes were changed. We believe that a lower banding is needed and that a reduction of taxes at both of the lower bands would better stimulate growth. The economy has shrank from 294 Billion RUT to 279 Billion RUT despite, spending only being reduced by approximately 7 Billion RUT. |
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 |
> 1,000 RUT | 7% | 3,994,000,000 RUT |
> 2,000 RUT | 20% | 19,549,000,000 RUT |
> 4,000 RUT | 30% | 16,319,000,000 RUT |
> 6,000 RUT | 45% | 28,145,000,000 RUT | Total | 68,007,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 258 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 242 |
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