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Bill: Income tax proposal of September 2392
Details
Submitted by[?]: Marxist Peoples Party
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: June 2393
Description[?]:
| The Marxist Peoples Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Telamon. |
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 |
| > 2,000 TPD | 1% | 1,049,000,000 TPD |
| > 4,000 TPD | 25% | 16,799,000,000 TPD |
| > 6,000 TPD | 50% | 16,728,000,000 TPD |
| > 8,000 TPD | 62% | 14,209,000,000 TPD |
| > 10,000 TPD | 70% | 9,759,000,000 TPD |
| > 12,000 TPD | 75% | 4,736,000,000 TPD |
| > 14,000 TPD | 85% | 2,907,000,000 TPD |
| > 16,000 TPD | 88% | 3,010,000,000 TPD |
| > 18,000 TPD | 89% | 2,515,000,000 TPD | Total | 71,712,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 23:59:21, April 21, 2007 CET | From | Marxist Peoples Party | To | Debating the Income tax proposal of September 2392 |
| Message | The GDP per capita in Telamon is 3,000. This would equally distribute all wealth amongst the masses, and create an economicaly classless soceity. 67% of the population will have their wealth increased by 50%. |
| Date | 00:04:41, April 22, 2007 CET | From | Republican Party | To | Debating the Income tax proposal of September 2392 |
| Message | The Republican Party believe that there shold be tax cuts for all, rich or poor. |
| Date | 08:04:32, April 22, 2007 CET | From | Imperialist Party | To | Debating the Income tax proposal of September 2392 |
| Message | Given our war needs, we need higher taxes to fund increased spending. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 219 | ||||
| no |
Total Seats: 191 | ||||
| abstain |
Total Seats: 191 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "To the youth of America, I say, beware of being trivialized by the commercial culture that tempts you daily. I hear you saying often that you're not turned on by politics. The lessons of history are clear and portentous. If you do not turn onto politics, politics will turn on you." - Ralph Nader |