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Bill: Taxation Bill October 2569
Details
Submitted by[?]: Coalition for National Unity [CNU]
Status[?]: passed
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: June 2570
Description[?]:
| The Conservative and Morality 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:: 3
Current: 0
Proposed: 1
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 4
Current: 0
Proposed: 2
Article 3
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% | 24,136,000,000 SOL |
| > 40,000 SOL | 4% | 18,047,000,000 SOL |
| > 60,000 SOL | 6% | 15,379,000,000 SOL |
| > 80,000 SOL | 8% | 15,288,000,000 SOL |
| > 100,000 SOL | 12% | 11,263,000,000 SOL |
| > 120,000 SOL | 14% | 6,890,000,000 SOL |
| > 140,000 SOL | 16% | 783,000,000 SOL | Total | 91,786,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 21:23:21, May 01, 2008 CET | From | Anarcho-Atheist League | To | Debating the Taxation Bill October 2569 |
| Message | I could support this if the taxes on the first two brackets were lowered as well |
| Date | 21:24:06, May 01, 2008 CET | From | Meritocratic Alliance | To | Debating the Taxation Bill October 2569 |
| Message | Taxing proffits made by corporations discourages people from investing in those corporations. Where are the dividends? Our investors will instead look to foreign markets and our own corporations will shrivel and die. At the same time, a tax on luxury goods does no one any harm. In our own bill currently active at this time we propose an increase to luxury goods while eliminating taxation on essentials entirely. If the CMP is to be the party of landed gentry, so be it, but you will wreck our economy at the expense of a few yachts. Senate Warden Harold Belisarius |
| Date | 21:24:56, May 01, 2008 CET | From | Meritocratic Alliance | To | Debating the Taxation Bill October 2569 |
| Message | I must confess I read the taxation as going from 2 to 11 on corporate taxes. I apologize and our parties vote will reflect that. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 198 | ||||
| no | Total Seats: 102 | ||||
| abstain | Total Seats: 93 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "Suburbia is where the developer bulldozes out the trees, then names the streets after them." - Bill Vaughn |