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Bill: Income tax proposal of October 2726
Details
Submitted by[?]: Telamon Labor 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: October 2727
Description[?]:
| The Jewish Defense League propose to adjust the government's income tax policy to better address the economic situation of the Republic of Telamon. This is a bipartisan tax bill done with the Democratic Capitalist Delegation. Our goal was to use our surplus. We increased the Budget for Important Ministries. We also lowered taxes for our Citizens. Samuel Lebowitz Finance Minister 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 |
| > 2,000 TPD | 11% | 11,531,000,000 TPD |
| > 4,000 TPD | 14% | 15,856,000,000 TPD |
| > 9,000 TPD | 15% | 4,854,000,000 TPD |
| > 15,000 TPD | 21% | 1,678,000,000 TPD | Total | 33,919,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:28:25, March 17, 2009 CET | From | Executive Intelligence Network | To | Debating the Income tax proposal of October 2726 |
| Message | We do not believe that any change should happen in our tax brackets. It is working now, and it will continue to work in the future. Penny Pennywise Deputy Director of Commerce Executive Intelligence Agency |
| Date | 20:20:31, March 17, 2009 CET | From | Telamon Labor Party | To | Debating the Income tax proposal of October 2726 |
| Message | With the very large surplus that we Telamon had, we decided that we should help our citizens out with tax cuts. Samuel Lebowitz Finance Minister Republic of Telamon |
| Date | 22:01:00, March 18, 2009 CET | From | Democratic Capitalist Delegation | To | Debating the Income tax proposal of October 2726 |
| Message | We believe that the restructuring of the tax brackets was greatly beneficial as it allowed for the lowest income bracket to get a much bigger tax break while still allowing for tax cuts in every bracket. We comend the work of Mr. Lebowitz on this new taxation policy. Drake Dalton Chairman Democratic Capitalist Delegation |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 314 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 187 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: "Since when did you care about women?" - Faith Chiang, former Gaduri politician |