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Bill: Progressive tax proposal
Details
Submitted by[?]: Red Dawn
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: January 2460
Description[?]:
| This proposal is meant to even out the frighteningly high economic inequality. |
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% | 56,719,000,000 IKD |
| > 35,000 IKD | 35% | 58,327,000,000 IKD |
| > 40,000 IKD | 50% | 73,434,000,000 IKD |
| > 45,000 IKD | 55% | 70,521,000,000 IKD |
| > 50,000 IKD | 60% | 137,090,000,000 IKD |
| > 60,000 IKD | 70% | 247,915,000,000 IKD |
| > 80,000 IKD | 75% | 170,168,000,000 IKD |
| > 100,000 IKD | 80% | 77,025,000,000 IKD |
| > 125,000 IKD | 85% | 28,384,000,000 IKD |
Total | 919,583,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 17:40:28, September 19, 2007 CET |
From |  Red Dawn | To | Debating the Progressive tax proposal | | Message | Of course it should, if it makes the income of people more equal - we've calculated so that everyone earns about 20,000 per month without paying taxes - well over the poverty line. |
| Date | 18:21:46, September 19, 2007 CET |
From | Yellow Party | To | Debating the Progressive tax proposal | | Message | In a country that could thrive with further cooperation and trade with other nations- and certainly has the geographic opportunities to do so being in such a central, coastal location- socialism and perfect socio-economic balance isn't going to work. Opposed. |
| Date | 19:28:04, September 19, 2007 CET |
From | Red Dawn | To | Debating the Progressive tax proposal | | Message | The poor are more important than the businesses of the rich. Capitalism is neither fair nor right for the majority of Ikradonians. |
| Date | 06:30:14, September 20, 2007 CET |
From | Worker's Party of Ikradon | To | Debating the Progressive tax proposal | | Message | Before we support, we would like to know what initiatives will be taken to ensure that benefits are passed back to the citizens who will live with this tax? |
| Date | 16:51:12, September 20, 2007 CET |
From | Red Dawn | To | Debating the Progressive tax proposal | | Message | WPI, we will increase the spending, especially concerning welfare. We will also sharpen the welfare benefits for the workers. |
| Date | 05:30:18, September 22, 2007 CET |
From | Ikradonian Interest | To | Debating the Progressive tax proposal | | Message | Why is this a progressive tax proposal? Because of short term welfare benifits perhaps? When long term this proposal will park Ikradon somewhere near last place? |
| Date | 09:53:58, September 22, 2007 CET |
From | Red Dawn | To | Debating the Progressive tax proposal | | Message | It's a progressive tax - poorer people pay less, richer people pay more. |
| Date | 08:34:34, September 23, 2007 CET |
From | Iqembu Sokusebenzisana Yeningi | To | Debating the Progressive tax proposal | | Message | SP/E/CT/RUM approves of the lifting of tax on the first 30,000 IKD of income. We do not agree with every aspect of this proposal, but on balance it benefits more than it detriments. |
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| Vote |
Seats |
| yes | Total Seats: 139 |
| no | Total Seats: 131 |
| abstain | Total Seats: 29 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "They can call us communists and fascists all they want but, their words are of a hollow ring with the blood of innocence at their feet." - Mathew Jameson, former Hutorian politician |