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Bill: Income tax proposal of July 2874
Details
Submitted by[?]: Progressive Capitalist 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: March 2875
Description[?]:
| The Progressive Capitalist Party 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 |
| > 1,000 TPD | 2% | 1,702,000,000 TPD |
| > 2,500 TPD | 5% | 5,800,000,000 TPD |
| > 5,000 TPD | 10% | 8,463,000,000 TPD |
| > 10,000 TPD | 20% | 4,412,000,000 TPD |
| > 15,000 TPD | 25% | 2,002,000,000 TPD | Total | 22,379,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:32:02, January 07, 2010 CET | From | Democratic Capitalist Delegation | To | Debating the Income tax proposal of July 2874 |
| Message | We object to the creation of the new >1000 TPD bracket. Jonathan Hughes Chairman Democratic Capitalist Delegation |
| Date | 17:14:07, January 07, 2010 CET | From | Telamon Nationellpartiet-Republikansk | To | Debating the Income tax proposal of July 2874 |
| Message | This new proposal penalises the poorest in society, we are against this proposal |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 243 | |||
| no |
Total Seats: 186 | |||
| abstain |
Total Seats: 71 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "How many legs does a dog have if you call its tail a leg? Four. Calling a dog's tail a leg does not make it a leg." - Abraham Lincoln |