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Bill: Income tax proposal of December 2130
Details
Submitted by[?]: Tuesday Is Coming
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: March 2132
Description[?]:
| The Faithful Remnants propose to adjust the government's income tax policy to better address the economic situation of the Five Nations of Lodamun. |
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 |
| > 1 LOD | 15% | 17,186,000,000 LOD |
| > 2,000 LOD | 20% | 34,751,000,000 LOD | Total | 51,937,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:04:29, October 25, 2005 CET | From |  Tuesday Is Coming | To | Debating the Income tax proposal of December 2130 |
| Message | There is no point in having all the brackets that we currently have for less than 2000. Our lowest income group makes 2140. This is a simple, adequate tax that does without the needless complexities. |
| Date | 18:06:27, October 25, 2005 CET | From | Tuesday Is Coming | To | Debating the Income tax proposal of December 2130 |
| Message | See my other bill for proof of this. |
| Date | 23:44:24, October 25, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Income tax proposal of December 2130 |
| Message | Will take a look at the other and consider. However, it does seem new taxes will be levied on the first LOD$100 of income, currently tax-free, and this therefore would represent a low-income tax increase. |
| Date | 00:29:22, October 26, 2005 CET | From | Tuesday Is Coming | To | Debating the Income tax proposal of December 2130 |
| Message | You are correct that new taxes will be assessed on 99 more LOD per wage earner, however, this is relatively irrelevant because no one makes less than 100. There is no reason to split up the taxes, just charge a flat rate to each person. The 20% level for all income above 2000 is a way of making it progressive, because some parties here seem to hate flat taxes. |
| Date | 07:04:33, October 26, 2005 CET | From | Tuesday Is Coming | To | Debating the Income tax proposal of December 2130 |
| Message | The 15 LOD per person assessed for the first 100 LOD earned will bring in a total of 476,000,000. We currently require 27,978,845,499 from the income tax. Would you support a bill identical to this one with an exemption on the first 100 LOD earned? It really makes no difference, but would come out to a flat 15 LOD tax cut to every taxpayer, when compared to this one. |
| Date | 04:38:09, October 27, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Income tax proposal of December 2130 |
| Message | Let's see what my corporate tax cut does before crunching the figures too much. |
| Date | 05:08:35, October 27, 2005 CET | From | Tuesday Is Coming | To | Debating the Income tax proposal of December 2130 |
| Message | OOC Shouldnt do much, that part of the tax system isnt hooked up yet. If you remember, we had a substantial amount of corporate taxes coming in when the rate was still 0%. Also, it is worth mentioning that while I was working with this, I found out that it rounds all the numbers to the nearest million. |
| Date | 18:48:58, October 27, 2005 CET | From | Cooperative Commonwealth Federation | To | Debating the Income tax proposal of December 2130 |
| Message | Just like Bush! Also, pi = 3. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 148 | ||||
| no |
Total Seats: 135 | ||||
| abstain | Total Seats: 17 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "Political correctness is just tyranny with manners." - Charlton Heston |