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Bill: Income tax proposal of May 2138
Details
Submitted by[?]: United Liberal Alliance
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: January 2139
Description[?]:
| The United Commonwealth Alliance propose to adjust the government's income tax policy to better address the economic situation of the Telamon Commonwealth. |
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 |
| > 2,000 TPD | 5% | 5,247,000,000 TPD |
| > 4,000 TPD | 10% | 10,077,000,000 TPD |
| > 8,000 TPD | 15% | 5,539,000,000 TPD |
| > 12,000 TPD | 20% | 3,208,000,000 TPD | Total | 24,071,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 20:44:07, November 09, 2005 CET | From | United Liberal Alliance | To | Debating the Income tax proposal of May 2138 |
| Message | The following changes have been made: 1. The tax free allowance has been increased from 1500TPD to 2000TPD 2. The 2000-4000TPD band will now be taxed at 5% rather than 10% as at present 3. The 4000-8000TPD band will be taxed at 10% rather than the present 15% 4. The 8000-12000TPD band will be taxed at 15% rather than the present 20% 5. Whilst I have kept the 12000TPD+ band of tax for the moment, its rate of tax has been cut from 30% to 20% |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 158 | ||||
| no | Total Seats: 24 | ||||
| abstain | Total Seats: 73 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "The empires of the future are the empires of the mind." - Winston Churchill |