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Bill: Income tax proposal of February 2368
Details
Submitted by[?]: Liberal Party of Ikradon
Status[?]: defeated
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: October 2368
Description[?]:
The Liberal Party of Ikradon propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Ikradon. |
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 |
> 30,000 IKD | 30% | 469,771,000,000 IKD | Total | 469,771,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
Date | 00:11:19, March 03, 2007 CET | From | Iqembu Sokusebenzisana Yeningi | To | Debating the Income tax proposal of February 2368 |
Message | While we are not opposed to tax cuts in the abstract, as we opposed the spending cuts meant to pay for this tax cut we feel obligated to likewise oppose the tax cut. |
Date | 03:07:30, March 03, 2007 CET | From | New Democratic Party | To | Debating the Income tax proposal of February 2368 |
Message | We oppose this massive compromise of wealth redistribution. |
Date | 16:26:14, March 03, 2007 CET | From | Socialist Workers Union | To | Debating the Income tax proposal of February 2368 |
Message | So do we, we prefer a stepped system where the poorest pay the least and the richest pay more but this smacks of liberal lunacy. |
Date | 18:07:46, March 03, 2007 CET | From | Liberal Party of Ikradon | To | Debating the Income tax proposal of February 2368 |
Message | This system *is* stepped. Those under 30,000 in annual income pay nothing, while income above 30,000 is taxed at 30%. |
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Voting
Vote | Seats | |||
yes | Total Seats: 205 | |||
no | Total Seats: 311 | |||
abstain | Total Seats: 83 |
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