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Bill: Senate Resolution 48: Income Tax Revision of 2534
Details
Submitted by[?]: Federal Independent 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: October 2535
Description[?]:
| The Federal Independent Party proposes to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. Due to the now disbanded Conservative & Morality Party's former financial revisions which wrecked Solentia's once liquidated and financially successful system, the income tax bracket must be altered to adjust to modern times. It is integral the finance plan be reformed now, as we can wait no longer. Without these needed funds from the income taxes, our budget will remain bare to the bone. Education will remain poor instead of the once great system Solentia was known for; the Defense will continue to struggle and let down our guard; our once wonderful universal health care plan is now long gone with faulty private plans which leave millions uninsured. We need a new budget, and sadly, the only way to do this is by creating new taxes. We also must consider the threats of military offenses which have recently broke out between Cobura and Zardugal. Should the conflict spread elsewhere, the Federal Republic must be prepared. Once we have a financially stable government where the services eradicated by the People Party and the Conservative & Morality Party are put back in place, we can hopefully lower taxes and give back the majority of the surplus to the people. FIP Finance Minister Helios Ceveran |
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 |
| > 20,000 SOL | 3% | 24,135,000,000 SOL |
| > 40,000 SOL | 5% | 22,560,000,000 SOL |
| > 60,000 SOL | 8% | 20,511,000,000 SOL |
| > 80,000 SOL | 10% | 19,116,000,000 SOL |
| > 100,000 SOL | 12% | 11,271,000,000 SOL |
| > 120,000 SOL | 14% | 6,896,000,000 SOL |
| > 140,000 SOL | 16% | 785,000,000 SOL | Total | 105,274,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 03:05:25, February 20, 2008 CET | From | Independent Party | To | Debating the Senate Resolution 48: Income Tax Revision of 2534 |
| Message | We think that this is a very good bill that will help with making our nation a better place. IP leader Jack Carver |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 268 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 157 |
| Random fact: The grey space in the east is populated by the forum-based countries, known in-game as the former colonies or the "Third World". These countries are managed by the Third World Coordinator but players can request control of individual countries in the Third World Control Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=8302 |
| Random quote: "Communism: liberation of the people from the burdens of liberty." - Rick Bayan |