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Bill: Income tax proposal of February 2496
Details
Submitted by[?]: Order of Valtiel
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 2496
Description[?]:
| The Neo-Seldonist Party propose to adjust the government's income tax policy to better address the economic situation of the Dranian Imperium. |
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 DRA | 5% | 14,000,000 DRA |
| > 10 DRA | 10% | 29,000,000 DRA |
| > 15 DRA | 10% | 29,000,000 DRA |
| > 20 DRA | 11% | 32,000,000 DRA |
| > 25 DRA | 15% | 43,000,000 DRA |
| > 30 DRA | 16% | 46,000,000 DRA |
| > 35 DRA | 20% | 57,000,000 DRA |
| > 40 DRA | 21% | 60,000,000 DRA |
| > 45 DRA | 30% | 86,000,000 DRA |
| > 50 DRA | 31% | 89,000,000 DRA |
| > 55 DRA | 35% | 201,000,000 DRA |
| > 65 DRA | 36% | 103,000,000 DRA |
| > 70 DRA | 40% | 115,000,000 DRA |
| > 75 DRA | 45% | 129,000,000 DRA |
| > 80 DRA | 50% | 144,000,000 DRA |
| > 85 DRA | 55% | 158,000,000 DRA |
| > 90 DRA | 60% | 172,000,000 DRA |
| > 95 DRA | 61% | 175,000,000 DRA |
| > 100 DRA | 99% | 3,497,988,000,000 DRA | Total | 3,499,670,000,000 DRA |
Debate
These messages have been posted to debate on this bill:
| Date | 03:05:31, December 05, 2007 CET | From | Order of Valtiel | To | Debating the Income tax proposal of February 2496 |
| Message | If this bill is not passed, the government will spiral out of control into the depths of debt. |
| Date | 16:22:57, December 05, 2007 CET | From | Freeminded People's Party | To | Debating the Income tax proposal of February 2496 |
| Message | A 99% tax won't bring in more revenue, just like your proposed 100% corporation tax won't. A tax burden like this will kill the economy & jack up the deficit even higher. Our compromise tax & budget proposals will eliminate the deficit WITHOUT unemployment hitting 30%. |
| Date | 01:33:05, December 06, 2007 CET | From | Order of Valtiel | To | Debating the Income tax proposal of February 2496 |
| Message | The numbers say otherwise. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 250 | ||||
| no |
Total Seats: 255 | ||||
| abstain |
Total Seats: 245 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Zardugal. . . very successfully almost managed to implement democracy on a global scale, a millennia ago. With a seat in the Security Council we can do it again." - Phoebe Ĥoniato, former Zardic politician |