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Bill: Income tax proposal of November 2129

Details

Submitted by[?]: Anarcho-Capitalist Front

Status[?]: passed

Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.

Voting deadline: July 2131

Description[?]:

The Classic Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Union of Gaduridos.

Proposals

Debate

These messages have been posted to debate on this bill:

Date06:24:38, October 23, 2005 CET
FromNational Fascisti
ToDebating the Income tax proposal of November 2129
MessageOOC: Please calculate and post the Total Revenue and Surplus.

Date20:26:26, October 23, 2005 CET
FromAnarcho-Capitalist Front
ToDebating the Income tax proposal of November 2129
MessageThe game will not forecast increased revenue from the sales tax, so that I will estimate.

Government Spending = 702B GAD
Government Revenue= 57B GAD from 1% Income Tax
281B GAD from Corporation Tax
700B GAD from Sales Tax (If sales do not drop from increased tax)
1038B GAD Total

Now there could be an adverse affect on sales due to the higher sales tax, but I think the increased disposable income from the lack of an income tax will negate that. If anything we should see a massive increase in investment.

Date10:44:09, October 24, 2005 CET
FromTotalitarian Party
ToDebating the Income tax proposal of November 2129
MessageI'd like to see the corporation tax increased, rather than the necessities tax. Also, the income tax seems incredibly low. I feel the wealthy citizens of Gaduridos should contribute more to our nation.

I am not for or against this yet, but it is quite a drastic change from our current tax policy.

Date12:53:40, October 24, 2005 CET
FromNational Fascisti
ToDebating the Income tax proposal of November 2129
MessageWe agree that corporations should be taxed more.

We are averse to taxing high income earners too heavily.

We are also neither for nor against, at this stage, and are very interested in more discussion on this matter.

Date14:26:25, October 24, 2005 CET
FromAnarcho-Capitalist Front
ToDebating the Income tax proposal of November 2129
MessageThe income tax is very low only because I couldn't get rid of it all together.

This is essentially an effort to switch from taxing production to taxing consumption. An income tax taxes how much you work, while a sells tax taxes how much you spend, I think it is more fair to tax the spending side.

Date17:07:58, October 24, 2005 CET
FromTotalitarian Party
ToDebating the Income tax proposal of November 2129
MessageSounds sensible enough. As long as we don't have a deficit, I suppose. Why not increase the corporate tax instead of the essential goods tax?

Date18:26:02, October 24, 2005 CET
FromAnarcho-Capitalist Front
ToDebating the Income tax proposal of November 2129
MessageI think that the effects will be the same if the corporation tax increases. The corporation will just pass the added tax on to the consumers through higher prices. It could be a viable plan for the future if the sales tax is unsuccessful.

Date18:42:06, October 24, 2005 CET
FromTotalitarian Party
ToDebating the Income tax proposal of November 2129
MessageFair enough. The Totalitarian Party supports the proposed tax policy.

Date14:42:56, October 25, 2005 CET
FromNuovo Partito Di Machiavellian
ToDebating the Income tax proposal of November 2129
MessageA sales tax is regressive, taxing the poor in a greater percentage than the rich. The increased taxes on ESSENTIAL goods is too great.

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Voting

Vote Seats
yes
   

Total Seats: 202

no
   

Total Seats: 165

abstain
 

Total Seats: 0


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