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Bill: Income tax proposal of February 2780
Details
Submitted by[?]: Meritocratic Alliance
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 2780
Description[?]:
| The Meritocratic Caucus propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. |
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 |
| > 25,000 SOL | 5% | 80,693,000,000 SOL | Total | 80,693,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 17:59:31, July 01, 2009 CET | From |  Meritocratic Alliance | To | Debating the Income tax proposal of February 2780 |
| Message | A simplified tax code that makes sense. The Flat Tax will provide enough revenue (and even some surplus) when combined with the current proposed spending changes. Result: lower taxes, simplified government, growing economy. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 224 | |||
| no |
Total Seats: 40 | |||
| abstain |
Total Seats: 161 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "Capitalism and communism stand at opposite poles. Their essential difference is this: the communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'" - Phelps Adams |