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Bill: Income tax proposal of February 2969
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 2970
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 |
| > 30,000 IKD | 30% | 106,543,000,000 IKD |
| > 40,000 IKD | 50% | 137,325,000,000 IKD |
| > 50,000 IKD | 60% | 136,866,000,000 IKD |
| > 60,000 IKD | 65% | 125,616,000,000 IKD |
| > 70,000 IKD | 70% | 112,213,000,000 IKD |
| > 80,000 IKD | 75% | 93,428,000,000 IKD |
| > 90,000 IKD | 80% | 81,537,000,000 IKD |
| > 100,000 IKD | 85% | 49,809,000,000 IKD |
| > 110,000 IKD | 95% | 28,763,000,000 IKD |
| > 120,000 IKD | 99% | 40,170,000,000 IKD | Total | 912,270,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 11:24:11, July 15, 2010 CET | From | Anarcho-Primitivist Concern | To | Debating the Income tax proposal of February 2969 |
| Message | No. I can see nothing wrong with having anyone earning a good amount of money contribute to the nation's upkeep. Running a free health service, nationalised industry, all housing, controception, etc is expensive. |
| Date | 19:47:43, July 15, 2010 CET | From | Marxist-Leninist Party of Ikradon (LL) | To | Debating the Income tax proposal of February 2969 |
| Message | We lose less ten 50 million IKD from this. Yet, we remove the token tax. |
| Date | 18:12:30, July 16, 2010 CET | From | Anarcho-Primitivist Concern | To | Debating the Income tax proposal of February 2969 |
| Message | It's more like 300 billion IKD. And we'll need to make cut backs of 200 billion IKD. Which enough money to fund a medium sized government department. If we scrapped the military and the presidency and the finance department entirely, it still wouldn't cover the costs of the cut backs you're proposing. |
| Date | 18:16:19, July 16, 2010 CET | From | Anarcho-Primitivist Concern | To | Debating the Income tax proposal of February 2969 |
| Message | It's more like 300 billion IKD. And we'll need to make cut backs of 200 billion IKD. Which enough money to fund a medium sized government department. If we scrapped the military and the presidency and the finance department entirely, it still wouldn't cover the costs of the cut backs you're proposing. |
| Date | 23:17:12, July 16, 2010 CET | From | Marxist-Leninist Party of Ikradon (LL) | To | Debating the Income tax proposal of February 2969 |
| Message | Currently: 5,767,196,341,418 IKD This: 5,706,057,000,000 IKD |
| Date | 01:52:41, July 17, 2010 CET | From | Anarcho-Primitivist Concern | To | Debating the Income tax proposal of February 2969 |
| Message | Ah, I see what you mean. My apologies. |
| Date | 01:00:32, July 18, 2010 CET | From | Mountain Man Party | To | Debating the Income tax proposal of February 2969 |
| Message | While we appreciate the removal of the lowest tax bracket, the introduction of the a 50% tax bracket at 40,000 and the reduction of the tax bracket at 90,000 from 85% to 80% creates a situation where those makin' between 45,000 IKD and 105,000 IKD pay more in taxes, while those makin' more than 105,000 pay less in taxes. Givin' the CFP's history, this was probably unintentional plus the difference is small, so we won't hold it against them. Since this significantly lowers the tax burden on those makin' below 45,000, we will support. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 410 | |||
| no |
Total Seats: 128 | |||
| abstain | Total Seats: 212 |
| 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: "Blah blah blah- I'm more of a Leftist than all you puppets... You support cops beating people down and kicking out all the foreigners..." - Omar al-Khali, former Kalistani politician |