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Bill: Income tax proposal of August 2577
Details
Submitted by[?]: Telamon National 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: August 2578
Description[?]:
| The Telamon National Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 45
Proposed: 7
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 |
| > 6 TPD | 2% | 5,000,000 TPD |
| > 10 TPD | 4% | 11,000,000 TPD |
| > 15 TPD | 6% | 22,245,000,000 TPD | Total | 22,261,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:45:32, May 17, 2008 CET | From | Democratic Capitalist Delegation | To | Debating the Income tax proposal of August 2577 |
| Message | We like article I, but believe that the decision concerning the formation of tax brackets should be left to the Minister of Finance. James Lott Chairman Democratic Capitalist Delegation |
| Date | 23:54:03, May 17, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of August 2577 |
| Message | I totally disagree with both Articles, and will not compromise them. Government should not hinder private enterprise and discourage private business with unnecessary taxation. A flat income tax has been widely installed for over 30 years now, and meets the needs of those it applies to currently. Fieren Goldmark Finance Minister Leader of the Radical Party |
| Date | 00:54:17, May 18, 2008 CET | From | Telamon National Party | To | Debating the Income tax proposal of August 2577 |
| Message | This is a fairer tax system for the poor and also gives everyone in Telamon a tax cut. The tax on Corporations could then be seen as a tax on consumption, we believe that this new tax policy is fairer for eveyone. |
| Date | 22:53:39, May 18, 2008 CET | From | Democratic Capitalist Delegation | To | Debating the Income tax proposal of August 2577 |
| Message | Due to article II, we must vote against this bill. James Lott Chairman Democratic Capitalist Delegation |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 169 | ||||
| no |
Total Seats: 236 | ||||
| abstain | Total Seats: 96 |
| Random fact: "Spamming", or the indiscriminate posting of unsolicited messages, is not allowed. |
| Random quote: "Liberty is not a means to a higher political end. It is itself the highest political end." - John Dalberg-Acton |