We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Income tax proposal of October 2525
Details
Submitted by[?]: Conservative Ordo Malleus (COM)
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: October 2526
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 benefits those with low income the most allowing them to keep a large percentage of what they earn. Additionally, it provides a small cut to higher earners in the hope they will give back through charitable donations. Cuts ranging from 10% (compare the old tax rate for income of 1,000 TPD with our proposed shows a 10% reduction) and up 15% for those earning 7,000 TPD and above. Taxes are necessary to provide fundamental government services to the people. But, taxes should not be a burden and these tax cuts will lessen that burden as much as possible. These proposed tax cuts must not be evaluated on their own. Any tax cut must occur with a corresponding cut in spending. Please refer to the Budget Proposal of October 2525 for this. Together they cut spending to the essentials, allowing for a small surplus, and cut taxes as much as possible. This combined effort will put money back in the pocket of tax payers and still maintain quality services to all. |
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 |
| > 1,000 TPD | 5% | 2,828,000,000 TPD |
| > 2,000 TPD | 10% | 5,615,000,000 TPD |
| > 3,000 TPD | 15% | 7,286,000,000 TPD |
| > 4,000 TPD | 20% | 7,828,000,000 TPD |
| > 5,000 TPD | 25% | 6,994,000,000 TPD |
| > 6,000 TPD | 30% | 5,560,000,000 TPD |
| > 7,000 TPD | 35% | 5,215,000,000 TPD |
| > 8,000 TPD | 40% | 5,028,000,000 TPD |
| > 9,000 TPD | 45% | 4,653,000,000 TPD |
| > 10,000 TPD | 50% | 3,986,000,000 TPD |
| > 11,000 TPD | 50% | 2,991,000,000 TPD |
| > 12,000 TPD | 50% | 2,020,000,000 TPD |
| > 13,000 TPD | 50% | 1,141,000,000 TPD |
| > 14,000 TPD | 50% | 859,000,000 TPD |
| > 15,000 TPD | 65% | 1,116,000,000 TPD |
| > 16,000 TPD | 65% | 1,116,000,000 TPD |
| > 17,000 TPD | 65% | 1,116,000,000 TPD |
| > 18,000 TPD | 65% | 1,116,000,000 TPD |
| > 19,000 TPD | 65% | 728,000,000 TPD |
| > 20,000 TPD | 65% | 0 TPD | Total | 67,196,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 392 | |||||
| no |
Total Seats: 193 | |||||
| abstain | Total Seats: 165 |
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "In a sense we have come to our nation's capital to cash a cheque. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men, yes, black men as well as white men, would be guaranteed the unalienable rights of life, liberty, and the pursuit of happiness." - Martin Luther King Jr. |