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Bill: Income tax proposal of August 2551
Details
Submitted by[?]: Federal 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 not pass any sooner than the deadline.
Voting deadline: March 2554
Description[?]:
| The Federal Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 2
Current: 0
Proposed: 3
Article 2
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 | 4% | 32,158,000,000 SOL |
| > 40,000 SOL | 6% | 27,060,000,000 SOL |
| > 60,000 SOL | 7% | 17,948,000,000 SOL |
| > 80,000 SOL | 10% | 19,113,000,000 SOL |
| > 100,000 SOL | 13% | 12,206,000,000 SOL |
| > 120,000 SOL | 15% | 7,381,000,000 SOL |
| > 140,000 SOL | 16% | 784,000,000 SOL | Total | 116,650,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 11:52:32, March 26, 2008 CET | From |  Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | From the Minister of Finance; The last budget or any adjustment to our economic funds on a federal level has been years. Under the watchful eye of the F.R.P. this will not be the wave of the future. After much studying and adjustments the Ministry of Finance submits this measure for consideration to our colleagues. Article 1: It is simply immoral to charge the same tax-rate on essential goods as it is on companies. Article 2: We have a net-gain of revues just from income-tax adjustments of nearly twenty-five million dollars. Couple the articles, we'll have a net gain in revenue of of nearly one-hundred million dollars. Signed, Aramil H. Thamion, Minister of Finance |
| Date | 17:17:22, March 26, 2008 CET | From | Solentian Populist Party | To | Debating the Income tax proposal of August 2551 |
| Message | This policy is not hard to accept at all. The alterations are very minor, and the effects are rather substantial. We are in full support of this legislation. We put our faith in Minister Thamion. Signed, President Hillary Rodham, Chair of the United Democratic Party |
| Date | 19:08:29, March 26, 2008 CET | From | Meritocratic Alliance | To | Debating the Income tax proposal of August 2551 |
| Message | Agreed. |
| Date | 19:09:32, March 26, 2008 CET | From | Federal Independent Party | To | Debating the Income tax proposal of August 2551 |
| Message | While I respect the incumbent Finance Minister, I'm unsure of why this has been proposed. Under the Income Tax Revision of 2534 we are given a comfortable financial situation where there are enough funds to fuel the government's functions. In fact, under the current budget consolidation structured under the Ceveran Administration, we are running a strong surplus at around 40 billion SOL. There is a liquidated financial situation presently and the government has ample funds. I see little reason for a change in the budget or income bracket. While I understand it is the Federal Republican Party's goal to actively reform the government, some things don't need to be revised. Change for the sake of change is a negative thing. Also, changing the income tax bracket for the gain of 100 million SOL is seemingly useless as that money will barely change the outcome of our current budget and will hardly be noticeable. One last thing. The current income tax bracket was meant to assist the lower end income earners by taxing them less than they had been. Under this, there will be a 1% increase in the taxation of those making $20,000 SOL, $40,000 SOL, $100,000 SOL, and $120,000 SOL. The point of the latest bracket was to reduce taxation on the lower class and decrease taxation of the top income earners and maintain a fair level for the middle. These increases create a useless way to increase the government's revenue by a barely noticeable margin while further taxing our citizens needlessly. The budget does not need improvements except perhaps in a few departments, but currently the status quo is simply fine. FIP Minority Leader Atticus Verish |
| Date | 19:22:38, March 26, 2008 CET | From | Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | OOC: lol, I'll do a formal reply later but someone must not have had Macroecon 101. Nice reply though, FIP. |
| Date | 19:29:28, March 26, 2008 CET | From | Autonomist Party of Solentia | To | Debating the Income tax proposal of August 2551 |
| Message | The FIP fails to recognize that we have made many strides in upgrading not only our armed services, but certain members of our political institution continue to force a national healthcare on our people and the added revenue from these tax changes would greatly help cover the increasing costs from both endeavors. |
| Date | 19:30:16, March 26, 2008 CET | From | Conservative Party of Solentia | To | Debating the Income tax proposal of August 2551 |
| Message | OOC: Really no need for ad homiem stuff FRP... |
| Date | 19:39:09, March 26, 2008 CET | From | Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | OOC: My intent was not an argument against the man, Sir. As stated, I will established a more formal reply at a later time when I have the time to make my case; as the F.I.P. has. Now, if you've anything constructive to add, feel free. Now, this perhaps could be construed as 'ad homiem' stuff,' Sir. |
| Date | 19:41:43, March 26, 2008 CET | From | Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | OOC: My intent was not an argument against the man, Sir. As stated, I will established a more formal reply at a later time when I have the time to make my case; as the F.I.P. has. Now, if you've anything constructive to add, feel free. Now, this perhaps could be construed as 'ad homiem' stuff,' Sir. |
| Date | 20:04:28, March 26, 2008 CET | From | Federal Independent Party | To | Debating the Income tax proposal of August 2551 |
| Message | "The FIP fails to recognize that we have made many strides in upgrading not only our armed services, but certain members of our political institution continue to force a national healthcare on our people and the added revenue from these tax changes would greatly help cover the increasing costs from both endeavors." As the sitting party of Finance for over a period of around 80 years or so, I have a hunch that our financial consultants and legislators understand the Solentian economic system better than most would. Also, you talk of "upgrading the armed forces", which you claim is something we have not done. Well, that is false due to the fact we increased military research and funding by ten time its original value of 3 billion and increased it to 30 billion. In this incident, I believe you are mistaken and that you have failed to recognize the "many strides" the Federal Independent Party has taken in leading improvements for our soldiers. Lastly, we don't need any more funds because we are in a SURPLUS. Since the legislature has no plans of increasing the budget, we do not need to worry about increasing values. The only time we would have to worry is if the legislature confirmed increased government spending, which they are not doing at the time. At the time being, we are in a safe and comfortable surplus of 40 billion Solenar. We need not worry about the increasing costs and therefore do not need more of the peoples' money to waste. FIP Minority Whip Dennis Kucik Jr. |
| Date | 03:59:09, March 27, 2008 CET | From | Solentian Populist Party | To | Debating the Income tax proposal of August 2551 |
| Message | So, the F.I.P. was the sitting party of Finance for a period of around 80 years, okay. Are your current financial consultants and legislators the same people that served for those 80 years and acquired all of that knowledge? If so, we'd be interested in the secret to immortaility. If not, well then, your current financial advisors are no more knowledgeable than those of other parties. That being said, you had your 80 years, so perhaps its time for the fresher parties to have a go at it. Don't be greedy, Mr. Kucik. Clearly, the parties of old that ran this country for so long are not quite so well-received these days. It seems that parties with fresh ideas who are willing to compromise, such as the National Zeus Party, the Federal Republican Party, and the United Democratic Party are gaining in popularity. Maybe, just maybe, the people of Solentia have grown tired of the ancient methods of old. God forbid something change for once. Signed, Party Chairman, Hillary Rodham OOC: Eek, there's a brick flying in the direction of my head. |
| Date | 19:07:34, March 28, 2008 CET | From | Autonomist Party of Solentia | To | Debating the Income tax proposal of August 2551 |
| Message | President General Joe Swanson would like to formally endorse this proposal. Great work Minister Thamion |
| Date | 03:34:05, March 29, 2008 CET | From | Federal Independent Party | To | Debating the Income tax proposal of August 2551 |
| Message | "Are your current financial consultants and legislators the same people that served for those 80 years and acquired all of that knowledge?" Actually, we were the sitting party of Finance from 2536 - 2550...so yes, we do have current experience with members who have actually served a tenure longer than the entire length of time your party has been here. "Clearly, the parties of old that ran this country for so long are not quite so well-received these days." Apparently, that would not be the case. The Federal Independent Party is 6 seats short of being the majority party in the legislature. "God forbid something change for once." Yes, God forbid it change if it's change for the sake of change and if it is change for the worse. FIP Premier Minority Whip Dennis Kucik |
| Date | 15:22:10, March 29, 2008 CET | From | Conservative Party of Solentia | To | Debating the Income tax proposal of August 2551 |
| Message | I do not see how you can say that the elder parties of Solentia are poorly received. As the FIP pointed out, they are nearly the majority party. The CPS showed the second largest growth in Solentia last election, after the AFN, whose excellent election resulted primarily from the fact that the CPS had a reputation remaining from it's time as the Ryanist Party for progressivism on Civil Rights. EVERY single party besides the AFN that is not a member of the SHC LOST seats in the last election. So perhaps we ought to reconsider who is unwelcome in Solentian politics. James Devreau |
| Date | 06:02:23, March 30, 2008 CET | From | Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | From the Offices of the Ministry of Finance: It is refreshing to see that there is support out there for the first adjustment to our income bracket in nearly a score. I do not as the Minister of Finance speak for the Federal Republican Party in this capacity so I shall not partake in the senseless partisan rows on display here before us today. Recommendations and suggestions are welcomed, it's very easy to be a skeptic and stand in the way of a change with no alternative. As the acting Minister of Finance it is my desire to rise above partisan politics and the coalitions of parties that has emerged in recent days. Our nation is in turmoil and being split asunder by the aforementioned senseless rows. I implore upon all parties to put forth concrete ideas for reasoned debates and not engage in mud-flinging and skepticism. Perhaps if this had been accomplished, the Ministry of Finance might have considered some alternatives. However, out of the naysayers not a single idea or proposal was put forth to reconcile differences. A true shame and disgrace if you are in public service. Politics if the art of compromise, members of the Assembly-I've learned this the hard way in my life and I'm not sure that some of the other party spokesmen have as of yet. Despite the criticisms with nothing of substance to add; this proposal increases our surplus and ends the immorality of taxing essential goods at the same rate of luxury items. Naturally, no one single party touched this topic and thus it stands as originally proposed. Vote for Solentia, not partisan differences. Again, I speak on behalf of the Solentian Ministry of Finance and my comments do not in anyway reflect that of the F.R.P. Signed, Minister of Finance, Aramil H. Thamion |
| Date | 06:03:40, March 30, 2008 CET | From | Federal Republican Party | To | Debating the Income tax proposal of August 2551 |
| Message | OOC: Amendment to the last paragraph there; "ends the immorality of taxing essential goods at the same rate of luxury items." This should read, "ends the immorality of taxing essential goods at the same rate of corporations." Truly wish there was an edit button sometimes; sorry guys and gals. |
| Date | 20:02:15, March 30, 2008 CET | From | Conservative Party of Solentia | To | Debating the Income tax proposal of August 2551 |
| Message | There is a simple proposal put forth by those opposed to this. Don't change anything. James Devreau, Inner Party Leader |
| Date | 00:10:17, April 01, 2008 CET | From | Solentian People Party | To | Debating the Income tax proposal of August 2551 |
| Message | Good work??? Someone said! the minister wants taxes to rise!! |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 180 | ||||
| no |
Total Seats: 154 | ||||
| abstain | Total Seats: 67 |
| Random fact: You can inactivate yourself on your User Page. You will then lose all your seats but your party account won't be deleted, and your party's Visibility ratings will not diminish. Reactivation can be requested in the "Reactivation Requests" thread in the Game Moderation section of the Particracy Forum. |
| Random quote: "A people that values its privileges above its principles soon loses both." - Dwight D. Eisenhower |