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Bill: Tax cuts for the poor, Type 2
Details
Submitted by[?]: Marxist-Leninist Party of Ikradon (LL)
Status[?]: passed
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: October 2961
Description[?]:
| The Communist Freedom Party (LL) propose to adjust the government's income tax policy to better address the economic situation of the Socialist Republic of Ikradon. |
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 |
| > 40,000 IKD | 40% | 58,691,000,000 IKD |
| > 45,000 IKD | 45% | 57,640,000,000 IKD |
| > 50,000 IKD | 50% | 114,117,000,000 IKD |
| > 60,000 IKD | 55% | 106,349,000,000 IKD |
| > 70,000 IKD | 60% | 96,239,000,000 IKD |
| > 80,000 IKD | 65% | 80,991,000,000 IKD |
| > 90,000 IKD | 70% | 71,351,000,000 IKD |
| > 100,000 IKD | 75% | 61,565,000,000 IKD |
| > 117,500 IKD | 80% | 11,263,000,000 IKD |
| > 125,000 IKD | 85% | 11,518,000,000 IKD |
| > 137,500 IKD | 90% | 6,296,000,000 IKD |
| > 150,000 IKD | 95% | 9,304,000,000 IKD |
| > 167,500 IKD | 99% | 2,998,000,000 IKD | Total | 688,322,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 01:46:48, June 29, 2010 CET | From |  SCI Libertarian-Socialist Syndicate (LL) | To | Debating the Tax cuts for the poor, Type 2 |
| Message | I do support this bill, as opposed to the other. It leaves the lower-income worker with 100% of their income, and begins to tax the middle income workers a fair amount. |
| Date | 02:45:16, June 29, 2010 CET | From | Union Socialism Alliance | To | Debating the Tax cuts for the poor, Type 2 |
| Message | We also would support this alternative, as it also contains lesser brackets. |
| Date | 03:05:22, June 29, 2010 CET | From | Marxist-Leninist Party of Ikradon (LL) | To | Debating the Tax cuts for the poor, Type 2 |
| Message | We can even go deeper, give tax breaks for 40 and 45 and increase the rest by another 10% if a majority is in agreement. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 562 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 188 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "The fate of the living planet is the most important issue facing mankind". - Gaylord Nelson |