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Bill: 50% income tax cut proposal of May 2352
Details
Submitted by[?]: Covenanters (IA)
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 2353
Description[?]:
| The Presbyterian Unionists propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthori Empire. |
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 LPD | 16% | 83,240,000,000 LPD | Total | 83,240,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 11:40:40, January 30, 2007 CET | From | Spiritualists' National Union | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | The existing tax system is fairer on the poor. This proposal will only benefit the rich. |
| Date | 12:03:15, January 30, 2007 CET | From | Covenanters (IA) | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | The benefit everyone who doesn't wnt to pay 32% tax - that's EVERYONE! Why do you think the poor remain poor? It's because YOUR TAX SYSTEM destroys the desire to earn more than £5,000! |
| Date | 12:19:19, January 30, 2007 CET | From | Spiritualists' National Union | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | The tax system the SNU established ensured that nobody who earned under £5000 was taxed at all, and those who earned over £5000 were taxed at a reasonable rate. The tax system the Unionists are proposing will force everybody to be taxed at 16%, no matter how little or much they earn. To put it in simple terms, a Luthorian earning £5000 a year will pay no tax under the present system, because his income is small. However, under the proposed system, that same Luthorian would have to pay £800 in tax and be pushed further into poverty. |
| Date | 04:46:42, January 31, 2007 CET | From | Covenanters (IA) | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | Under the current system that Luthorian earning £5,000 has an incentive to earn more, meaning he will pay more tax. Under your system he would hit a threshold at £5,001 and suddenly become £800 worse off! |
| Date | 12:04:57, January 31, 2007 CET | From | Spiritualists' National Union | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | With respect, the Unionists have misunderstood how the tax system works. Under our system, people were taxed on income they earned which *exceeded* £5000. In other words, if the tax was 33% for all income earned over £5000, someone who earned £5001 would pay 33 pence in tax. |
| Date | 16:14:49, January 31, 2007 CET | From | Covenanters (IA) | To | Debating the 50% income tax cut proposal of May 2352 |
| Message | Many would still see little point in passing that threshold, damaging ambition on a national scale. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 38 | ||||
| no | Total Seats: 10 | ||||
| abstain | Total Seats: 15 |
| Random fact: Dorvik is a nation based on Germanic and old Prussian cultures, it is located on the far north of Artania, making it an almost arctic nation. |
| Random quote: "The payment of taxes gives a right to protection." - James M. Wayne |