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Bill: Income tax proposal of January 2938
Details
Submitted by[?]: Birleşik Demokrat Parti
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: September 2941
Description[?]:
| The Jakanian Labour Party propose to adjust the government's income tax policy to better address the economic situation of the United Jakania. |
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 |
| > 10,000 JAK | 5% | 28,937,000,000 JAK |
| > 20,000 JAK | 15% | 78,219,000,000 JAK |
| > 30,000 JAK | 18% | 116,588,000,000 JAK |
| > 50,000 JAK | 20% | 134,884,000,000 JAK |
| > 100,000 JAK | 50% | 86,248,000,000 JAK | Total | 444,876,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 00:30:08, May 14, 2010 CET | From | Birleşik Demokrat Parti | To | Debating the Income tax proposal of January 2938 |
| Message | The best way to lead our country out of recession is for higher taxation - this is the only way we get through this turbulent time without cutting public spending. |
| Date | 11:19:21, May 14, 2010 CET | From | Republican Party of Jakania | To | Debating the Income tax proposal of January 2938 |
| Message | Mr. Speaker, We're out of recession. And no, it's not. Tax cuts work to stimulate consumption, more public spending, however, will just make us tax the private consumption to finance public. It's the broken window all over again. |
| Date | 11:20:16, May 14, 2010 CET | From | Republican Party of Jakania | To | Debating the Income tax proposal of January 2938 |
| Message | Mr. Speaker, We're out of recession. And no, it's not. Tax cuts work to stimulate consumption, more public spending, however, will just make us tax the private consumption to finance public. It's the broken window all over again. |
| Date | 12:25:08, May 14, 2010 CET | From | Birleşik Demokrat Parti | To | Debating the Income tax proposal of January 2938 |
| Message | Then why, Mr Speaker, are we still running a deficit? Economic forecasts say we are still -57,643,287,779 JAK, and until we turn this round these measures are needed. |
| Date | 14:27:52, May 14, 2010 CET | From | Republican Party of Jakania | To | Debating the Income tax proposal of January 2938 |
| Message | Mr. Speaker, "I must assure the representatives from the JLP that raising 1 trillion in revenues is not needed to close an completely insignificant budget deficit. We're out of a recession per definition wise, but that does not mean we can leave the economy on its own entirely. We believe cutting taxes is necessary to stimulate a bit more private consumption, and when consumption - which essentially drives this economy - is up and running, it might, I repeat, might be necessary to tax a bit more and spend a bit more. Levying more taxes in a time of difficulty is absolutely ludicrous and most economists would tell the honorable representative that. I would also like to refer the JLP's finance spokesman to the tax raises we passed on corporations and sales taxes, without the votes from the Labourites, of course. We're not particularly fond of income taxes, and will continue to keep income taxes low; but look into raising certain taxes on sales or corporations." |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 42 | |||
| no | Total Seats: 55 | |||
| abstain | Total Seats: 154 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "Extremism in the defense of liberty is no vice. Moderation in the pursuit of justice is no virtue." - Barry Goldwater |