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Bill: Income tax proposal of November 2688
Details
Submitted by[?]: Bicky Forever - MSCC
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: May 2690
Description[?]:
| The Bicky Forever propose to adjust the government's income tax policy to better address the economic situation of the Socialist Republic of Ikradon. |
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 |
| > 10,000 IKD | 50% | 284,137,000,000 IKD |
| > 20,000 IKD | 70% | 328,123,000,000 IKD |
| > 30,000 IKD | 94% | 1,474,414,000,000 IKD | Total | 2,086,674,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 01:38:32, December 31, 2008 CET | From |  Bicky Forever - MSCC | To | Debating the Income tax proposal of November 2688 |
| Message | Ikradon has a surplus of 1,000,000,000,000 IKD. Since our Finance minister is not taking any actions, BF proposes to give the amount back to the citizens. |
| Date | 12:27:48, December 31, 2008 CET | From | Red Dawn | To | Debating the Income tax proposal of November 2688 |
| Message | We disagree. |
| Date | 13:07:56, December 31, 2008 CET | From | Bicky Forever - MSCC | To | Debating the Income tax proposal of November 2688 |
| Message | Why? |
| Date | 13:57:13, December 31, 2008 CET | From | Red Dawn | To | Debating the Income tax proposal of November 2688 |
| Message | We might as well increase spending. |
| Date | 17:27:44, December 31, 2008 CET | From | Bicky Forever - MSCC | To | Debating the Income tax proposal of November 2688 |
| Message | Why? We didn't make new legislation for a while that legitimize such an increase. Quite the opposite actually. |
| Date | 14:18:10, January 01, 2009 CET | From | Red Dawn | To | Debating the Income tax proposal of November 2688 |
| Message | Well, we still have old legislation that legitimize it. |
| Date | 16:48:23, January 01, 2009 CET | From | Bicky Forever - MSCC | To | Debating the Income tax proposal of November 2688 |
| Message | Old legislation only legitimize indexation due to inflation, but because this game doesn't know inflation and because the government has fewer tasks to fulfill than before, BF thinks that a spending increase is unacceptable. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 272 | ||||
| no |
Total Seats: 177 | ||||
| abstain |
Total Seats: 251 |
| 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: "It is obvious that the laissez-faire ideology represents the interests of big business. For decades, the right-wing has opposed welfare programs and nationalised companies, in favour of big business disguised under 'economic liberty'." - Cecilia Xu, former Gaduri politician |