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Bill: Income tax proposal of August 5385
Details
Submitted by[?]: Liberal & Nationalist 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: April 5386
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 | 4% | 6,976,000,000 BEL |
| > 25,000 BEL | 18% | 11,022,000,000 BEL |
| > 30,000 BEL | 30% | 12,391,000,000 BEL |
| > 35,000 BEL | 35% | 8,012,000,000 BEL |
| > 40,000 BEL | 42% | 12,631,000,000 BEL |
| > 50,000 BEL | 54% | 6,404,000,000 BEL | Total | 57,436,000,000 BEL |
Debate
These messages have been posted to debate on this bill:
| Date | 21:54:06, October 29, 2023 CET | From | Liberal & Nationalist Party | To | Debating the Income tax proposal of August 5385 |
| Message | Mr Speaker, We have decided now that a true Government of the people has entered government it is time to reflect on the struggles our citizens face, we have decided to decrease tax for those worse off whilst adjusting taxation for those in the best financial position. However we add it is our position to eventually decrease tax for all brackets when our financial position allows. We must take this opportunity to tackle the failings of my predecessor Matt Pivington who oversaw inaction within the Ministry of Finance for more than a decade. We must bring about a new era of economics , based of the people’s needs. Archie Green, Minister of Finance |
| Date | 22:01:06, October 29, 2023 CET | From | Liberal & Nationalist Party | To | Debating the Income tax proposal of August 5385 |
| Message | Mr Speaker, I would also like to add that the government is planning a proposal to adjust our department budgets , I can today confirm that the Education budget will receive a substantial increase under the stern wishes of the new Minister of Education Stephen Clarke. It is also likely the Health budget will be increased. Archie Green, Minister of Finance |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 515 | |||
| no |
Total Seats: 195 | |||
| abstain | Total Seats: 40 |
| Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved. |
| Random quote: "If democracy is ever to be threatened, it will not be by revolutionary groups burning government offices and occupying the broadcasting and newspaper offices of the world. It will come from disenchantment, cynicism and despair caused by the realization that the New World Order means we are all to be managed and not represented." - Tony Benn |