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Bill: Income tax proposal of October 2999
Details
Submitted by[?]: United Liberty Party
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 3001
Description[?]:
| From the Finance ministry, here is a taxation bill. We will allow for debate until mid-3000. It eliminates the lowest two tax brackets. It raises the minimum income before having to pay taxes from 3,000 COB to 10,000 COB. After the passage of this bill, the poorest Coburans will no longer have the burden of paying income taxes. This is just the latest bill that the ULP has sponsored with the aim of reducing the burden of the poor regarding paying for government. |
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 COB | 17% | 11,325,000,000 COB |
| > 14,000 COB | 20% | 6,378,000,000 COB |
| > 18,000 COB | 22% | 2,169,000,000 COB |
| > 20,000 COB | 23% | 2,118,000,000 COB |
| > 25,000 COB | 24% | 904,000,000 COB |
| > 30,000 COB | 25% | 716,000,000 COB |
| > 35,000 COB | 26% | 216,000,000 COB | Total | 23,826,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 14:55:01, September 14, 2010 CET | From |  Neo communist party(TROTSKYISM) | To | Debating the Income tax proposal of October 2999 |
| Message | Almost a reduction in surplus of aabout 60000000000COB Do u think our economy can absorb it ULP? If u think it can absorb it dont u think this fund could have been directed for better welfare.? |
| Date | 15:06:09, September 14, 2010 CET | From | United Liberty Party | To | Debating the Income tax proposal of October 2999 |
| Message | To your first point: It's actually closer to 80,000,000,000 COB. It will leave a 30,000,000,000 COB budget surplus remaining for a "rainy day" fund. Secondly: The money is not currently being spent by government, it's just sitting there. Allowing the people to keep their own money so that they can spend it will only improve the economy. Third: The Finance ministry under the CRP already increased the government's budget perhaps two or three years ago, which increased government spending, including on the poor. If you had not noticed, this tax break is exclusively for the poor, and actually provides for small increases in the tax rate on wealthier Coburans. If ever there was a tax-lowering bill for you to support, this is it. |
| Date | 15:12:06, September 14, 2010 CET | From | Neo communist party(TROTSKYISM) | To | Debating the Income tax proposal of October 2999 |
| Message | Just one more-- Can i see in this game our average salary people in COBURA? |
| Date | 15:14:26, September 14, 2010 CET | From | Neo communist party(TROTSKYISM) | To | Debating the Income tax proposal of October 2999 |
| Message | what is our average salaRY? |
| Date | 15:22:58, September 14, 2010 CET | From | United Liberty Party | To | Debating the Income tax proposal of October 2999 |
| Message | I don't have those figures, but I can tell you that per capita GDP is 5,480 COB. |
| Date | 19:29:56, September 14, 2010 CET | From | Neo communist party(TROTSKYISM) | To | Debating the Income tax proposal of October 2999 |
| Message | generally per capita income tends to be much lower than it.Ok ur change in tax is needed i support. |
| Date | 22:20:38, September 14, 2010 CET | From | Liberala Partio de Koburo | To | Debating the Income tax proposal of October 2999 |
| Message | Support. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 260 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 241 |
| Random fact: In cases where a party has no seat, the default presumption should be that the party is able to contribute to debates in the legislature due to one of its members winning a seat at a by-election. However, players may collectively improvise arrangements of their own to provide a satisfying explanation for how parties with no seats in the legislature can speak and vote there. |
| Random quote: "The avoidance of taxes is the only intellectual pursuit that still carries any reward." - John Maynard Keynes |