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Bill: Income Tax Reform Act (2612)
Details
Submitted by[?]: Keymon Socialist 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 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 2612
Description[?]:
| Resolved, that the rate of taxation of income shall be amended as follows: |
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 |
| > 10,000 KED | 5% | 1,979,000,000 KED |
| > 20,000 KED | 10% | 1,594,000,000 KED |
| > 35,000 KED | 15% | 86,000,000 KED | Total | 3,659,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 02:39:50, July 27, 2008 CET | From | Keymon Socialist Party | To | Debating the Income Tax Reform Act (2612) |
| Message | With the national debt paid off and an increased budget proposed, it is only fair that the rate of tax on income be reduced in order to encourage entrepreneurship and to aid working families. |
| Date | 02:44:42, July 27, 2008 CET | From | Eco-Situationist Psychogeographers | To | Debating the Income Tax Reform Act (2612) |
| Message | Are you lowering income tax here? |
| Date | 12:03:52, July 27, 2008 CET | From | Keymon Socialist Party | To | Debating the Income Tax Reform Act (2612) |
| Message | Yes. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 44 | |||
| no | Total Seats: 57 | |||
| abstain | Total Seats: 0 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "The honest politician is one who, when he is bought, stays bought." - Simon Cameron |