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Bill: Tax Reduction
Details
Submitted by[?]: Partiya Rizgarî ya Bamenistan
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: July 2328
Description[?]:
| To stimulate the economy by increasing the spending power of our people and to lower business costs: 1. To give some of the surplus back to the taxpayer 2. To lower corporate taxes Frederick H. Ford Minister of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 35
Proposed: 5
Article 2
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 |
| > 10,400 BAR | 6% | 111,166,000,000 BAR | Total | 111,166,000,000 BAR |
Debate
These messages have been posted to debate on this bill:
| Date | 20:43:13, December 10, 2006 CET | From | Epiphyte Party | To | Debating the Tax Reduction |
| Message | Too low on both accounts. |
| Date | 20:47:46, December 10, 2006 CET | From | Independence Party | To | Debating the Tax Reduction |
| Message | Yes lower then |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 498 | |||
| no |
Total Seats: 110 | |||
| abstain |
Total Seats: 142 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "Economic advance is not the same thing as human progress." - John Clapham |