We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: FairTax Act of January 2638
Details
Submitted by[?]: Spenocratic 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: September 2638
Description[?]:
The Spenocratic Party propose to adjust the government's tax policy to better address the economic situation of the Ascendant Union Of Greater Likatonia. The Federal government has no right to ask how much you make and even less right to take a large fraction of it. Let us abolish all forms of income tax and replace it with sales tax. This way, you can save up money for important things without the government touching it. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 15
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 3
Proposed: 30
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 1
Current: 12
Proposed: 30
Article 4
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 |
> 99,999,999,999 LIK | 1% | 0 LIK | Total | 0 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 03:44:11, September 17, 2008 CET | From | Berosian Party | To | Debating the FairTax Act of January 2638 |
Message | Doing this would only create a black market for goods and services, one that would not cost 30% more than anything else. This opens the doors to criminals and the like, and severely hurts those who are impoverished and must borrow to make ends meet. This also impedes consumption, hurting our economy. It does, however encourage saving, but at what cost? We cannot support this bill, perhaps sometime in the future we may, but at the moment this is not what is best for Likatonia. |
subscribe to this discussion - unsubscribe
Voting
Vote | Seats | |||
yes | Total Seats: 154 | |||
no |
Total Seats: 242 | |||
abstain |
Total Seats: 270 |
Random fact: If you want to leave Particracy, please inactivate yourself on your user page to save the moderation team some time. |
Random quote: "A lie told often enough becomes the truth." - Vladimir Lenin |