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Bill: Income tax proposal of August 2667
Details
Submitted by[?]: Social Democratic Party
Status[?]: passed
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: April 2668
Description[?]:
| The Social Democratic 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 |
| > 100 TPD | 10% | 5,099,000,000 TPD |
| > 1,000 TPD | 15% | 30,114,000,000 TPD |
| > 5,000 TPD | 20% | 16,888,000,000 TPD |
| > 10,000 TPD | 25% | 7,486,000,000 TPD | Total | 59,587,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 23:42:46, November 18, 2008 CET | From | Radical Party | To | Debating the Income tax proposal of August 2667 |
| Message | This lessens the tax burden on the working poor, and we therefore endorse it. Ingrid Baptiste Finance Minister Party Leader |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 257 | ||||
| no |
Total Seats: 105 | ||||
| abstain |
Total Seats: 139 |
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