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Bill: Income tax proposal of February 2618
Details
Submitted by[?]: Telamonese Communist 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: December 2618
Description[?]:
As a first step towards establishing a socialist economy, we propose a much more progressive taxation system which will raise considerable funds towards improving our key public services. Albert Brocklehurst (General Secretary of the Telamonese Communist Party) |
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 |
> 2,500 TPD | 20% | 23,162,000,000 TPD |
> 5,000 TPD | 40% | 45,809,000,000 TPD | Total | 68,971,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
Date | 02:11:52, August 08, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of February 2618 |
Message | How is this more progressive? Surely is taxes the poor more? Maria Snowdon Finance Minister |
Date | 02:16:06, August 08, 2008 CET | From | Telamonese Communist Party | To | Debating the Income tax proposal of February 2618 |
Message | To the contrary, this proposal will lift those on the lowest incomes out of the tax bracket altogether, whilst making those on higher incomes pay more. Albert Brocklehurst (General Secretary of the Telamonese Communist Party) |
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Voting
Vote | Seats | |||||||
yes | Total Seats: 90 | |||||||
no |
Total Seats: 411 | |||||||
abstain | Total Seats: 0 |
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