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Bill: Income tax proposal of November 2640
Details
Submitted by[?]: Radical 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: July 2641
Description[?]:
The Radical Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. |
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 |
> 1 TPD | 5% | 18,574,000,000 TPD | Total | 18,574,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
Date | 12:54:42, September 22, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of November 2640 |
Message | This is a massive tax cut to the vast majority of the population. It will streamline the tax procedure, and allow market prosperity. By placing pounds in the pocket of the people, it will benefit the market in investment and consumption. Bombard the Headquarters! Miyako Suu-Moon Finance Minister |
Date | 12:57:32, September 22, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of November 2640 |
Message | These tax reforms will also lessen the tax burden on the poorest sections of our society, following a recent Trade and Industry review. Jean Baptiste Trade and Industry Minister Deputy Party Leader |
Date | 17:52:11, September 22, 2008 CET | From | Telamon National Party | To | Debating the Income tax proposal of November 2640 |
Message | This will result in massive underfunding of sectors of our country. This is very irresponsible. Margaret Jones, TNP Leader. |
Date | 19:23:00, September 22, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of November 2640 |
Message | No, it merely appears to be underfunding when the status quo has been set at an unreasonably irresponsible rate. The whole issue here is to cut tax, and create a blank slate in terms of public spending. The budget will be modified one the initial reforms have been passed. Miyako Suu-Moon Finance Minister |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 205 | |||||
no |
Total Seats: 264 | |||||
abstain | Total Seats: 0 |
Random fact: Real-life religions should not be referenced in Particracy. Terra has its own religions, many of which mirror real-life ones. See: http://particracy.wikia.com/wiki/Illustrated_Catalogue_of_Religion |
Random quote: "The root source of wealth is human ingenuity. This has no known bounds, so the amount of wealth in existence can always be increased. That's why capitalism is called 'making money.'" - Marc Geddes |