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Bill: Income tax proposal of February 5372
Details
Submitted by[?]: Liberal & Nationalist 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: October 5372
Description[?]:
| The Liberal & Nationalist Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Beluzia (Beluzia). |
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 |
| > 17,500 BEL | 6% | 10,463,000,000 BEL |
| > 25,000 BEL | 20% | 12,246,000,000 BEL |
| > 30,000 BEL | 30% | 12,391,000,000 BEL |
| > 35,000 BEL | 36% | 8,240,000,000 BEL |
| > 40,000 BEL | 42% | 12,631,000,000 BEL |
| > 50,000 BEL | 50% | 5,930,000,000 BEL | Total | 61,901,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 23:37:53, October 02, 2023 CET | From | Liberal & Nationalist Party | To | Debating the Income tax proposal of February 5372 |
| Message | Mr Speaker, In these uncertain Financial Times the government must make difficult decisions regarding our economic future, and taxation is pivotal in that. We have reluctantly decided we must raise tax in order to bring the deficit under control. We have raised 3 brackets, 1 by 2% and the others by 1%, we have taken a proportional approach as to minimise the impact on those worse off. Stephen Clarke, Minister of Finance |
| Date | 02:12:34, October 03, 2023 CET | From | Stanton House | To | Debating the Income tax proposal of February 5372 |
| Message | My party will be automatically vote no on a proposal that increases tax in the 17,500 and 25,000 or may in refectory like that like that back down like 25,000 came 20,000 you need to look at this again |
| Date | 02:13:16, October 03, 2023 CET | From | Stanton House | To | Debating the Income tax proposal of February 5372 |
| Message | And wi be vote on any tax brackets on over 50% |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 264 | ||
| no |
Total Seats: 486 | ||
| abstain | Total Seats: 0 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "In politics, stupidity is not a handicap." - Napoleon Bonaparte |