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Bill: Income tax proposal of August 2437
Details
Submitted by[?]: Federalist Party
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: April 2438
Description[?]:
| The Federalist 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 |
| > 3,000 COB | 3% | 3,385,000,000 COB |
| > 5,000 COB | 8% | 19,181,000,000 COB |
| > 12,500 COB | 12% | 7,306,000,000 COB |
| > 20,000 COB | 24% | 3,112,000,000 COB |
| > 30,000 COB | 25% | 924,000,000 COB | Total | 33,908,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 17:48:56, August 01, 2007 CET | From |  Federalist Party | To | Debating the Income tax proposal of August 2437 |
| Message | We really, really, REALLY, wanted to give the middle class (<5000) a cut, however 1 % cut would kill revenue 4 + billion COB and we couldn't afford it...reducing the middle class taxes is now a top priorirty should this pass. Oh...we cut <3000 from 4% to 3% |
| Date | 18:12:23, August 01, 2007 CET | From | Party for Individualism and Kitties | To | Debating the Income tax proposal of August 2437 |
| Message | you mean >3000 |
| Date | 20:29:44, August 01, 2007 CET | From | Federalist Party | To | Debating the Income tax proposal of August 2437 |
| Message | Yeah, sorry! I've been making a lot of stupid mistakes like that lately.. |
| Date | 17:14:34, August 02, 2007 CET | From | Federalist Party | To | Debating the Income tax proposal of August 2437 |
| Message | Why no CRP? |
| Date | 14:29:17, August 03, 2007 CET | From | Coburan Reform Party | To | Debating the Income tax proposal of August 2437 |
| Message | Because it will result in less funding for Public services |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 280 | |||||
| no | Total Seats: 184 | |||||
| abstain | Total Seats: 36 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Non-violence is not a garment to be put on and off at will. Its seat is in the heart, and it must be an inseparable part of our very being." - Mahatma Gandhi |