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Bill: Income tax proposal of October 2801
Details
Submitted by[?]: Telamon Labor Party
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: June 2802
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. |
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 |
| > 300 TPD | 2% | 1,924,000,000 TPD |
| > 2,000 TPD | 6% | 6,288,000,000 TPD |
| > 4,000 TPD | 12% | 13,591,000,000 TPD |
| > 9,000 TPD | 14% | 4,532,000,000 TPD |
| > 15,000 TPD | 20% | 1,203,000,000 TPD |
| > 18,500 TPD | 24% | 475,000,000 TPD | Total | 28,013,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 02:41:10, August 14, 2009 CET | From | Democratic Capitalist Delegation | To | Debating the Income tax proposal of October 2801 |
| Message | Why is this necessary? We will never vote to raise ANY tax by so much as a penny unless the finance minister is able to explain to us exactly why there is a budgetary need to do so. Since we are currently running a surplus, of 4 billion TPD, this is an absolutely ludicrous proposal. If anything, we should be cutting taxes. If senseless tax proposals continue to come before this parliament, the DCD will be forced to enter a vote of no confidence in Mr. Lebowitz. Donivan Hershey Chairman Democratic Capitalist Delegation |
| Date | 06:33:15, August 15, 2009 CET | From | Telamon Labor Party | To | Debating the Income tax proposal of October 2801 |
| Message | I would formally like to apologize for this mistake. The Finance Ministry was attempting to lower Luxury Taxes while raising the budget for Science and Technology. We proposed this tax to accommodate the the Budget Increase and the Tax cut. We proposed the slight raise in Upper Class Taxes, but then decided to not change the budget. We wish all parties to not vote for this resolution. Samuel Lebowitz Finance Minister Republic of Telamon |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 0 | |||||
| no |
Total Seats: 500 | |||||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "I'm not interested in preserving the status quo; I want to overthrow it." - Niccolo Machiavelli |