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Bill: Income tax proposal of January 2393
Details
Submitted by[?]: Coburan Reform 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: September 2393
Description[?]:
| The Crazy Ruairi Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Cobura. |
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 |
| > 5,000 COB | 10% | 19,221,000,000 COB |
| > 10,000 COB | 26% | 28,202,000,000 COB |
| > 20,000 COB | 50% | 6,482,000,000 COB |
| > 30,000 COB | 71% | 2,033,000,000 COB |
| > 35,000 COB | 72% | 597,000,000 COB |
Total | 56,535,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 13:22:57, April 22, 2007 CET |
From |  Democratic Labour Party of Cobura | To | Debating the Income tax proposal of January 2393 | | Message | The Corporation Tax has not been lowered upon the making of this income tax proposal, therefore we do not know the effect of the cut will have on the surplus. As a party that believes in a prudent economic policy and putting economic stablitiy ahead of tax cuts, we will vote agaisnt this bill, until the cut in corproration tax is passed and we can see the effect. |
| Date | 19:14:56, April 22, 2007 CET |
From | Liberal Reform Party of Cobura | To | Debating the Income tax proposal of January 2393 | | Message | well i think we should cut also the social service cost.... most important thing is that the budget is surplus!
And with lowering taxes and social services, people must find work and educate theirself to be able to compete , and thats also very important to us... |
| Date | 12:39:33, April 23, 2007 CET |
From | Democratic Labour Party of Cobura | To | Debating the Income tax proposal of January 2393 | | Message | The Liberal Party is the party of economic poverty, social irresponsibility, ill-education and poor health. We believe in economic prosperatiy, and the wealth being spread amounbg the many and not just limited to a few, we believe in a strong welfare state, that looks after those on the bottom rung of society and ensures that they can help themsevles get out of povetrty, via good education, good health and the knowledge that if they go into work they will get a living wage, higher then that of the benifits by the welfare state.
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| Vote |
Seats |
| yes | Total Seats: 89 |
| no | Total Seats: 282 |
| abstain | Total Seats: 129 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "If Lincoln were alive today, he’d be turning over in his grave." - Gerald Ford |