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Bill: Income Tax Proposal of November 2668
Details
Submitted by[?]: United Labour Party of Telamon
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 2669
Description[?]:
| The United Labour Party of Telamon proposes to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon by increasing taxes on the very rich. |
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% | 5,092,000,000 TPD |
| > 1,000 TPD | 15% | 30,078,000,000 TPD |
| > 5,000 TPD | 20% | 16,880,000,000 TPD |
| > 10,000 TPD | 25% | 7,219,000,000 TPD |
| > 19,000 TPD | 30% | 331,000,000 TPD |
| > 19,800 TPD | 35% | 4,000,000 TPD |
| > 19,820 TPD | 40% | 2,000,000 TPD | Total | 59,606,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:12:23, November 21, 2008 CET | From | Radical Party | To | Debating the Income Tax Proposal of November 2668 |
| Message | By simply taxing the rich, without lowering the tax burden on the poor, you are creating an overly bureaucratic and top-heavy financial system. It would be better to slightly increase the burden on the rich, to slash the burden on the poor. Ingrid Baptiste Finance Minister Party Leader |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 81 | ||||
| no |
Total Seats: 256 | ||||
| abstain | Total Seats: 121 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "The payment of taxes gives a right to protection." - James M. Wayne |