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Bill: Income tax proposal of June 3183
Details
Submitted by[?]: Federal Republic Progressionist Party
Status[?]: defeated
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: July 3185
Description[?]:
The Progressionist Party of Solentia propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Solentia. The PPS has made this because of the decrease in taxes on luxery goods and corporation tax. These taxes are reasonable and will increase our national revenue. |
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 |
> 2,750 SOL | 15% | 31,779,000,000 SOL |
> 6,500 SOL | 30% | 8,474,000,000 SOL |
> 7,000 SOL | 25% | 343,364,000,000 SOL |
> 35,000 SOL | 40% | 483,768,000,000 SOL | Total | 867,385,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 01:30:02, September 17, 2011 CET | From | Labour Party | To | Debating the Income tax proposal of June 3183 |
Message | OOC: Is it just me, or are those numbers incoherent? |
Date | 01:43:09, September 17, 2011 CET | From | Federal Republic Progressionist Party | To | Debating the Income tax proposal of June 3183 |
Message | OOC: What do you mean? |
Date | 18:43:19, September 17, 2011 CET | From | Democratic Catholic Party | To | Debating the Income tax proposal of June 3183 |
Message | "But you do not see that we are in surplus? So why raise taxes? Do not you find out that your numbers are contradictory?" Frank Brain Finance responsible for the SPP |
Date | 21:44:02, September 17, 2011 CET | From | Federal Republic Progressionist Party | To | Debating the Income tax proposal of June 3183 |
Message | Perhaps before the SPP gets to run a government, they know how to do it first. -Jack Hennington |
Date | 23:22:30, September 19, 2011 CET | From | Chann National Party (CNP) | To | Debating the Income tax proposal of June 3183 |
Message | I cannot vote for this since it sets the tax rate for people making between $6500 and $7000 is set at 30% whereas those making $7000+ is set at 25%. |
Date | 00:03:57, September 20, 2011 CET | From | Federal Independent Party | To | Debating the Income tax proposal of June 3183 |
Message | The PSCP is the wrong party to guide Solentia on tax reform. They have consistently demonstrated that their financial inexperience and ignorance equates to non-sensical tax brackets, this one being a great example. The PSCP has a tax fetish. Every several months there's a new tax bill to vote on. FIP Senator Lorenzo Cardeau |
Date | 01:27:56, September 20, 2011 CET | From | Federal Republic Progressionist Party | To | Debating the Income tax proposal of June 3183 |
Message | We have lowered taxes on non-luxury and corporation tax, we have to balance it out. |
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Voting
Vote | Seats | |||||||
yes | Total Seats: 24 | |||||||
no |
Total Seats: 401 | |||||||
abstain | Total Seats: 0 |
Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
Random quote: "Any law which violates the inalienable rights of man is essentially unjust and tyrannical; it is not a law at all." - Maximilien Robespierre |