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Bill: Income tax proposal of February 2582
Details
Submitted by[?]: Communist Party (marxist-deleonist)
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: October 2582
Description[?]:
| The Communist party (marxist-luxemburgist) propose to adjust the government's income tax policy to better address the economic situation of the Cildanian Republic. |
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 |
| > 20,000 CDC | 23% | 224,734,000,000 CDC |
| > 50,000 CDC | 39% | 190,579,000,000 CDC |
| > 100,000 CDC | 45% | 23,617,000,000 CDC | Total | 438,930,000,000 CDC |
Debate
These messages have been posted to debate on this bill:
| Date | 13:24:01, May 26, 2008 CET | From | Progressive Liberal Party | To | Debating the Income tax proposal of February 2582 |
| Message | An extremely bloated and unacceptable proposal. We'd side with you in a proposal to set income taxes up to 5%, but no more. |
| Date | 20:01:26, May 26, 2008 CET | From | Communist Party (marxist-deleonist) | To | Debating the Income tax proposal of February 2582 |
| Message | We need to pay our debt back! We have too long lived under a budget deficit, that costed us more then 1.000.000.000.000 CDC! |
| Date | 22:29:59, May 26, 2008 CET | From | Progressive Liberal Party | To | Debating the Income tax proposal of February 2582 |
| Message | We also disagree with the current rampant deficit, but this proposal is absolutely unrealistic. Citizens will not accept a sudden cut of 20%-50% in their earnings, not even for a single year. Have the Communist Senators thought of people paying their mortgages? Most families barely make it to the end of the month, and saving rates are about 2% at most. Families' economies would be wrecked by such an irrational proposal! As we pointed out before, we support an indirect taxes-only system like the one currently in place, but in order to curb deficit and comply (once and for all) with the Budget Balancing Act, we'd support _either_ a temporary direct tax of up to 5%, or a raise in indirect taxes. We've been siding with you and rejecting the budgets proposed by the JLC on the grounds that they were against the BBA, but at least they did curb deficit. Thus, either an acceptable tax proposal is passed, or we'll support the next budget that allows our country to have some surplus. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 48 | |||
| no | Total Seats: 97 | |||
| abstain | Total Seats: 21 |
| Random fact: The people in your nation don't like inactive parties. When you often abstain from voting for a bill, they will dislike your party and your visibility to the electorate will decrease significantly. Low visibility will means you are likely to lose seats. So keep in mind: voting Yes or No is always better than Abstaining. |
| Random quote: "And what is Aleppo?" - Gary Johnson |