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Bill: Progressive Tax Reform 3255
Details
Submitted by[?]: 鑫派 / Xīnpài (Xin Faction)
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 3257
Description[?]:
| The RZI is proposing a more progressive tax system. It will be similar to the system under the DGD, but citizens earning less than 5000 INS will not pay taxes. Citizens earning 5000-9999 INS will only pay 5% taxes. Citizens pay 10% after 10000 INS. The tax increases from there. No-one currently earns over 400k INS, but preset tax rates exist in the expectation of economic growth. |
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 |
| > 5,000 INS | 5% | 14,650,000,000 INS |
| > 10,000 INS | 10% | 87,899,000,000 INS |
| > 25,000 INS | 15% | 218,406,000,000 INS |
| > 50,000 INS | 20% | 382,053,000,000 INS |
| > 100,000 INS | 25% | 276,539,000,000 INS |
| > 200,000 INS | 30% | 75,861,000,000 INS |
| > 300,000 INS | 35% | 24,295,000,000 INS |
| > 400,000 INS | 40% | 0 INS |
| > 500,000 INS | 45% | 0 INS |
| > 1,000,000 INS | 50% | 0 INS | Total | 1,079,703,000,000 INS |
Debate
These messages have been posted to debate on this bill:
| Date | 21:31:53, February 07, 2012 CET | From |  姬恩黨 (Jien Faction) 🌄 | To | Debating the Progressive Tax Reform 3255 |
| Message | Mr. Speaker, The current tax rates are fine. 50% of ones income is far too much, even if people don't make that much money to be in that bracket. I yield. |
| Date | 21:41:40, February 07, 2012 CET | From | 鑫派 / Xīnpài (Xin Faction) | To | Debating the Progressive Tax Reform 3255 |
| Message | It's not 50% of the person's income... It's 0.50 of every shapir over 1,000,000 |
| Date | 21:44:08, February 07, 2012 CET | From | 姬恩黨 (Jien Faction) 🌄 | To | Debating the Progressive Tax Reform 3255 |
| Message | Mr. Speaker, It doesn't matter. The government should have as low as taxes as possible while maintain the financial obligations of the state. We cannot burden the people, we must help them. I yield. (OOC: Obviously, once the budget is fixed after many, many years, things can be looked at again in the future) |
| Date | 21:47:11, February 07, 2012 CET | From | 鑫派 / Xīnpài (Xin Faction) | To | Debating the Progressive Tax Reform 3255 |
| Message | We proposed a flat tax rate of 10%, and the DGD complained to their powerful allies, who later bombarded the party HQ with messages. |
| Date | 21:49:31, February 07, 2012 CET | From | 姬恩黨 (Jien Faction) 🌄 | To | Debating the Progressive Tax Reform 3255 |
| Message | Mr. Speaker, Low as possible while maintaining the government does not mean a complete shut down. Besides, the upper classes need to pay their fair share. It is their obligation to society. However, the obligation of all people to pay for government must be minimal. Currently, the tax rates are just that. I yield. |
| Date | 21:53:00, February 07, 2012 CET | From | 鑫派 / Xīnpài (Xin Faction) | To | Debating the Progressive Tax Reform 3255 |
| Message | Actually, the current tax rate is just 10% (for everyone). This bill was to fix that. |
| Date | 21:55:49, February 07, 2012 CET | From | 姬恩黨 (Jien Faction) 🌄 | To | Debating the Progressive Tax Reform 3255 |
| Message | Mr. Speaker, Our previous tax rates then. Indrala's economy was the best in the world, not to mention it was one of the best societies until you and your ilk showed up to displace culture, history, and values. By the law, you and your republican friends should have been rounded up and shot. However, His Imperial Majesty is the most benevolent leader in all of Terra. He would never desire to silence those opposed to Him, as He believes opposing views are necessary to come up with a sound solution. I yield. |
| Date | 21:56:45, February 07, 2012 CET | From | 鑫派 / Xīnpài (Xin Faction) | To | Debating the Progressive Tax Reform 3255 |
| Message | The best economy with less revenue than expenses? Indrala was in debt! |
| Date | 22:04:13, February 07, 2012 CET | From | 姬恩黨 (Jien Faction) 🌄 | To | Debating the Progressive Tax Reform 3255 |
| Message | OOC: Yes, it was, in order to inflate the GDP. All of the smart players know that is how you make a nation exceptional, due to the "bug" in the game. Please, learn how to play before you want to mess with the major players. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 552 | |||
| no | Total Seats: 171 | |||
| abstain | Total Seats: 27 |
| Random fact: It is forbidden to impersonate a player or Moderator. |
| Random quote: "I did not have sexual relations with that woman." - Bill Clinton |