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Bill: Income tax proposal of March 2296
Details
Submitted by[?]: Social Liberal 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: January 2297
Description[?]:
| "The Social Liberal Party proposes to adjust the government's income tax policy to better address the economic situation of the República da Lusitânia. The return to the progressive tax system is an essential part of the Social Liberal government program. Those who have more must be exptected to pay more as also those who have less are given a considerable tax relief. In comparison with the previous Popular Party income tax reform, we have included a 3% reduction for those who earn less than 25k/year and a 2% reduction for those who earn under 35k/per year. This gives lower income famlies a tax relief, allowing for greater social mobility. All this while increasing the overall tax revenue by 25 billion DAR's." - Warren Buffet, Minister of Finance |
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 |
| > 18,000 DAR | 7% | 23,381,000,000 DAR |
| > 25,000 DAR | 8% | 29,375,000,000 DAR |
| > 35,000 DAR | 10% | 25,400,000,000 DAR |
| > 45,000 DAR | 12% | 19,095,000,000 DAR |
| > 55,000 DAR | 16% | 17,934,000,000 DAR |
| > 65,000 DAR | 20% | 22,064,000,000 DAR |
| > 80,000 DAR | 29% | 26,223,000,000 DAR | Total | 163,472,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
| Date | 19:43:59, October 09, 2006 CET | From | Social Liberal Party | To | Debating the Income tax proposal of March 2296 |
| Message | "The social Liberal Party will allow for a brief debate and exchange of thoughts on the income tax reform and may reconsider adjusting the brackets or percentages if arguments are convincing enough." - Warren Buffett. |
| Date | 21:13:10, October 09, 2006 CET | From | Libertarian Party | To | Debating the Income tax proposal of March 2296 |
| Message | This is stealing Lusitanians pockets. The SLP is just a Social Democratic party which uses "Liberal" in its name. Nothing else. We are TOTALLY against this offensive against liberty and Lusitanians pockets. |
| Date | 22:02:49, October 09, 2006 CET | From | Social Liberal Party | To | Debating the Income tax proposal of March 2296 |
| Message | "Trickle down economics don't work. The PP has left the money in the hands of the wealthy and today several years later, you will find that the wealthy have kept their money, while a large portion of the population is essentially an underclass that eternally drains the economy, stifling growth and development. Our current GDP/per capita is roughly 22 thousand DAR a year per capita. Given these circumstances a change in the tax structure is absolutely necessary." - Warren Buffett. |
| Date | 00:40:26, October 10, 2006 CET | From | Green Workers Party | To | Debating the Income tax proposal of March 2296 |
| Message | We agree, though we would wish to see an even higher tax rate to provide much more welfare services for our citizens. |
| Date | 00:51:43, October 10, 2006 CET | From | Social Liberal Party | To | Debating the Income tax proposal of March 2296 |
| Message | I am satisfied with this current structure. In all honesty this is about as high as I would ever be wililng to raise taxes. I prefer setting them high and reducing them as we include everyone in the economy. |
| Date | 00:56:07, October 10, 2006 CET | From | Green Workers Party | To | Debating the Income tax proposal of March 2296 |
| Message | We vote yes for the bigger picture, though we reserve the right to increase them if we see the need for a greater increase in welfare services. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 188 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 0 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery." - Frank Chodorov |