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Bill: Tax Act #2 - Income tax

Details

Submitted by^[?]: Red Dawn

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 2547

Description^[?]:

Progressive income tax.

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
> 25,000 IKD	20%	43,005,000,000 IKD
> 30,000 IKD	30%	56,631,000,000 IKD
> 35,000 IKD	35%	58,234,000,000 IKD
> 40,000 IKD	50%	73,324,000,000 IKD
> 45,000 IKD	55%	70,405,000,000 IKD
> 50,000 IKD	60%	348,880,000,000 IKD
> 80,000 IKD	75%	169,769,000,000 IKD
> 100,000 IKD	80%	76,815,000,000 IKD
> 125,000 IKD	85%	28,387,000,000 IKD
Total		925,450,000,000 IKD

Debate

These messages have been posted to debate on this bill:

Date	13:20:13, March 17, 2008 CET
From	Boston Tea Party
To	Debating the Tax Act #2 - Income tax
Message	This is also oppressive.

Date	15:14:23, March 18, 2008 CET
From	Peoples' Liberation Front
To	Debating the Tax Act #2 - Income tax
Message	no this is fair. You oppress we redistribute.

Date	19:26:29, March 18, 2008 CET
From	Boston Tea Party
To	Debating the Tax Act #2 - Income tax
Message	You're not redistrubuting, you're removing all motivation for the people to work.

Date	21:24:06, March 18, 2008 CET
From	Peoples' Liberation Front
To	Debating the Tax Act #2 - Income tax
Message	unlike you not everyone is motivated by greed.

Date	13:27:57, March 19, 2008 CET
From	Boston Tea Party
To	Debating the Tax Act #2 - Income tax
Message	You are simple-minded if you think the BTP's platform can be summed up with the single word "greed".

Date	18:48:46, March 19, 2008 CET
From	Peoples' Liberation Front
To	Debating the Tax Act #2 - Income tax
Message	no there are a few other words but children may be present.

Date	18:19:57, March 20, 2008 CET
From	Boston Tea Party
To	Debating the Tax Act #2 - Income tax
Message	Insults sure are useful in a political discussion, aren't they?

Date	19:57:17, March 20, 2008 CET
From	Peoples' Liberation Front
To	Debating the Tax Act #2 - Income tax
Message	you ever seen PMQ s they just insult each.

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Voting

Vote

Seats

yes

Total Seats: 306

Total Seats: 208

abstain

Iqembu Sokusebenzisana Yeningi (85)

Total Seats: 85

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