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Bill: RP Income Tax Repeal of 2538
Details
Submitted by[?]: Republican Party
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: September 2539
Description[?]:
| The Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. We believe that we are taxing our people to much. We have a 35% luxury tax and then we that a very high income tax. To make this a far taxation we are proposing to cut the income tax to a very low base and leave the luxury tax to were its is now. |
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 | 5% | 4,248,000,000 TPD |
| > 2,000 TPD | 10% | 25,858,000,000 TPD | Total | 30,106,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 14:39:14, February 27, 2008 CET | From | Rightful Radical Party | To | Debating the RP Income Tax Repeal of 2538 |
| Message | We must tax the luxuries, while we must drop our food prices. Telamon has had enough of thieves! |
| Date | 02:59:01, February 29, 2008 CET | From | Conservative Ordo Malleus (COM) | To | Debating the RP Income Tax Repeal of 2538 |
| Message | Unfortunately 50.1B TPD is not enough to fund the budget. Telamon's budget is currently around 100B TPD. That represents a 50% of what it used to be before CAM initiated drastic cuts across the board. Reducing the budget by another 50% will be crippling. Taxes alone cannot be cut. There must be a corresponding cut in services to balance the budget. It is necessary to see what departments and programs will be cut to balance this budget. What services will be denied to the people of Telamon if this tax cut is approved? I implore those who are supporting this bill to show data that will tell us what programs will be cut. If not programs are to be cut then this bill is fiscally irresponsible on another front for ballooning expenses without taking in sufficient income to pay for those services. It is completely and totally irresponsible to sink Telamon further in debt. Before I can advise anyone on this bill there must be more information and perhaps other corresponding legislation. -Haran Jaxx, Minister of Finance |
| Date | 12:50:39, February 29, 2008 CET | From | Rightful Radical Party | To | Debating the RP Income Tax Repeal of 2538 |
| Message | We must have a further look in this. Than we will vote. - Emil Draskovic |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 179 | |||||
| no |
Total Seats: 476 | |||||
| abstain | Total Seats: 95 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Our greatest glory is not in never falling, but in rising every time we fall." - Confucius |