[ingliz]

The following bill is being put forth by the members of SN-RF for consideration by the full house of parliament.

Voting shall run for three full days. Polls shall "officially" open at 6:00 am GMT and will close on Tues, June 2, 2009 at the same time. To reiterate, that is May, 30 until June, 2 at 6:00 am GMT.

The appropriate voting parameters are as follows:

Aye: support for the bill.
Nay: Against the bill.
Abstain: Neither for nor against. (Per interim constitution these votes will be thrown out).
No vote at all: Counted as Abstention.

Article 1.

Income Tax

Starting rate: 10%: $10,000 - $20,000

Basic rate: 22%: $20,000 - $40,000

Higher rate: 40%: Over $40.000

Say you earned $50,000 the first $10,000 of earned income would be tax free, the second taxed at 10%, the next $20,000 at 22%, and your last $10,000 at 40%

$50,000 = $1,000 + $4,400 + $4,000 = $9,400 = approx 19% income tax

Article 2.

Corporate tax

Flat 19% rate with all investment and R&D immediately deductible (no depreciation schedule)

Article 3.

Capital gains tax

25% for capital gains realized in less than six months, 20% for those realized in less than one year, 15% for those realized in less than two years, 10% for those realized in less than seven years, and 0% all thereafter.

Article 4.

Tax relief on government bonds

If a portion of your wage is put into government savings bonds you get income tax relief capped at $20,000. This means that on a $50,000 wage if you put 10% of your income into bonds you wouldn't pay tax on the first $15,000, instead of the first $10,000, of that income.

Article 5.

Dividends and Bank interest

A 15% flat rate tax on bank interest and dividends if you allow the government to take tax at source.

Article 6.

Sales Tax

A flat rate of 2.5% on everything except food

[Zyx]

Aye

[Demosthenes]

I'm assuming I'm eligible, following Gletkin's departure and no one else having been named MP.

Aye.

[Holt]

Aye.

[ingliz]

Aye

[RonPaulalways]

Nay

[Vladimir]

Aye

[HoniSoit]

Aye.

[FallenRaptor]

Aye.

[Oxymoron]

Aye.

[Potemkin]

Aye.

[dilpill]

Aye

[Thunderhawk]

Aye.

(note: I see few exemptions and deductions, I agree with this aspect whole heartedly)

[Zagadka]

Aye

Though I would prefer some outline for offshore accounts and foreign traders.

[MistyTiger]

Aye

[Brio]

Aye

[ingliz]

Poll Closed

Government bill:

14 votes For

1 vote Against

16 Abstentions

1 Spoilt Ballot - Voter not an MP

The motion is carried