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Bill: Income tax proposal of January 2666
Details
Submitted by[?]: national labor 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: September 2666
Description[?]:
| The conservitive party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Cobura. |
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 |
| > 4,500 COB | 1% | 1,601,000,000 COB |
| > 8,000 COB | 2% | 1,969,000,000 COB |
| > 12,000 COB | 9% | 2,442,000,000 COB |
| > 14,000 COB | 15% | 4,778,000,000 COB |
| > 18,000 COB | 17% | 3,235,000,000 COB |
| > 25,000 COB | 23% | 865,000,000 COB |
| > 30,000 COB | 29% | 664,000,000 COB |
| > 34,000 COB | 29% | 407,000,000 COB |
| > 50,000 COB | 43% | 0 COB |
| > 2,000,000 COB | 45% | 0 COB | Total | 15,961,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 08:48:30, November 15, 2008 CET | From |  national labor party | To | Debating the Income tax proposal of January 2666 |
| Message | this bill gives everyone a 1 pecercent tax cut and are new policies will be different from the last administration taxingyou more and using your money for usless social programs |
| Date | 20:30:06, November 15, 2008 CET | From | Federalist Party | To | Debating the Income tax proposal of January 2666 |
| Message | The Federalist Party would like to see a more favorable middle tax cut rather than a balanced one all together Quick question please! I think the last time I was here, we only allowed the Finance Minister to propose budget AND tax policy or is it only budgets? |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 224 | |||
| no | Total Seats: 236 | |||
| abstain |
Total Seats: 40 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "They can call us communists and fascists all they want but, their words are of a hollow ring with the blood of innocence at their feet." - Mathew Jameson, former Hutorian politician |