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Bill: Income tax proposal of September 2517
Details
Submitted by[?]: Conservative Ordo Malleus (COM)
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: May 2519
Description[?]:
| The Conservative Adeptus Mechanicus (CAM) propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. This tax cut will mostly benefit those with low income allowing them to keep most of what they earn. Additionally, it provides a small cut to higher earners in the hope they will give back through charitable donations. A more substantial tax cut will follow, if this one is approved, no later than January 2520 to bring taxes down to a more reasonable level that our citizens can handle. Taxes should not be a burden and these tax cuts will lessen that burden as much as possible. |
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 |
| > 500 TPD | 8% | 2,265,000,000 TPD |
| > 1,000 TPD | 15% | 16,926,000,000 TPD |
| > 3,000 TPD | 30% | 26,346,000,000 TPD |
| > 5,000 TPD | 35% | 16,299,000,000 TPD |
| > 7,000 TPD | 50% | 13,753,000,000 TPD |
| > 9,000 TPD | 60% | 11,001,000,000 TPD |
| > 11,000 TPD | 70% | 7,026,000,000 TPD |
| > 13,000 TPD | 75% | 9,006,000,000 TPD | Total | 102,622,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 09:15:28, January 17, 2008 CET | From | Liberal Party of Telamon | To | Debating the Income tax proposal of September 2517 |
| Message | Hang on, why the hell are we taxing people 75% of what they earn anyways? This is horrible, thank you for bringing this to my attention. |
| Date | 00:21:10, January 18, 2008 CET | From | Conservative Ordo Malleus (COM) | To | Debating the Income tax proposal of September 2517 |
| Message | "This is a decrease of the income tax for many tax brackets. If you look at the existing tax structure you will see those in the highest tax bracket are at an 80% tax. This proposal will lower that by 5%, which equals roughly 1 billion TPD going back in the hands of the people. This is a starting step towards a more comprehensive re-evaluation of our tax and spending structure."-Prime Minister Raxney. |
| Date | 07:17:39, January 18, 2008 CET | From | Liberal Party of Telamon | To | Debating the Income tax proposal of September 2517 |
| Message | I was just shocked taxes were so high to begin with. |
| Date | 22:48:19, January 18, 2008 CET | From | Regional Acronym Political Establishment | To | Debating the Income tax proposal of September 2517 |
| Message | Taxes are waaay too high. Let's make a more substantial cut shall we? Taking 3/4 of a person's income is outrageous. |
| Date | 07:07:37, January 19, 2008 CET | From | Conservative Ordo Malleus (COM) | To | Debating the Income tax proposal of September 2517 |
| Message | "If Parliament approves this initial tax cut I pledge to propose a more substantial cut by January 2520. This will gives everyone, including Parliament, time to adjust to the initial tax cut and prepare for the future cuts."-Prime Minister Raxney |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 312 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 438 |
| Random fact: Particracy has 464 player slots. |
| Random quote: "If an injury has to be done to a man it should be so severe that his vengeance need not be feared." - Niccolo Machiavelli |