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Bill: Budget Balancing Taxation Policy
Details
Submitted by[?]: Union Socialism 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: March 3111
Description[?]:
| The Union Socialism Alliance propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Ikradon. FUN FACT: The richest persons in Ikradon earns: 172'910 IKD per year There are currently 12 persons to earn that amount per year The poorest persons in Ikradon earns 20'683 IKD per year There are currently 4'000'000 individuals who earn that amount per year There are approximately 463'630 individuals in Ikradon that earn 100'000 IKD or more, per year. There are approximately 37'114 individuals in Ikradon that earn over 150'000 IKD There is approximately 11'125'000'000'000 IKD in circulation in Ikradon There are approximately 202'000'000 people working and earning wages in 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 |
| > 24,000 IKD | 20% | 168,234,000,000 IKD |
| > 48,000 IKD | 40% | 328,662,000,000 IKD |
| > 96,000 IKD | 80% | 132,049,000,000 IKD | Total | 628,945,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 06:39:37, April 21, 2011 CET | From |  SCI Libertarian-Socialist Syndicate (LL) | To | Debating the Budget Balancing Taxation Policy |
| Message | We support this taxation schedule. |
| Date | 17:07:11, April 21, 2011 CET | From | Marxist-Leninist Party of Ikradon (LL) | To | Debating the Budget Balancing Taxation Policy |
| Message | This is less Progressive then are proposal. |
| Date | 17:39:21, April 21, 2011 CET | From | Art & Labour | To | Debating the Budget Balancing Taxation Policy |
| Message | Wait, so USA is increasing taxes at the lower end after rejecting basically the same proposal the last time around? |
| Date | 18:01:05, April 21, 2011 CET | From | Union Socialism Alliance | To | Debating the Budget Balancing Taxation Policy |
| Message | The earlier proposal that didn't pass was: 30/40 45/60 60/80 Now, with less need of money, and with cuts, the tax have been lowered, and also to give this a chance to pass: 24/20 48/40 96/80 If the AL still has problem with this, then we'd revise it and have higher taxes for the rich, and send that. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 401 | ||||
| no | Total Seats: 167 | ||||
| abstain |
Total Seats: 182 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "Poverty is like punishment for a crime you didn't commit." - Eli Khamarov |