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Bill: Income tax proposal of January 3274
Details
Submitted by[?]: House Stafford
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: September 3274
Description[?]:
| The House of Stafford propose to adjust the government's income tax policy to better address the economic situation of the United Federal Republic of Telamon. |
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 |
| > 1,000 TPD | 10% | 8,499,000,000 TPD |
| > 2,500 TPD | 20% | 23,159,000,000 TPD |
| > 5,000 TPD | 28% | 23,656,000,000 TPD |
| > 10,000 TPD | 35% | 10,505,000,000 TPD | Total | 65,819,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 14:31:47, March 16, 2012 CET | From | Red Police Party | To | Debating the Income tax proposal of January 3274 |
| Message | Mr. Speaker, Is there a reason for this change to income taxes? |
| Date | 14:34:26, March 16, 2012 CET | From | Catholic Political Union | To | Debating the Income tax proposal of January 3274 |
| Message | Mr. Speaker, This is a regressive income tax proposal. If we changed to this, the poor would pay more and the rich would pay less. |
| Date | 04:23:48, March 17, 2012 CET | From | House Stafford | To | Debating the Income tax proposal of January 3274 |
| Message | The poor pay no taxes at all. Why should the cut off by 4,000 pounds? 1,000 pounds is still letting a lot of people get off without paying any income taxes, and would grow our economy by lessening the tax burden on other people. It is an overall tax cut on middle and high class incomes, but a large portion of our tax base, 0-4000 pound earners, aren't being taxed at all. Why should middle and high income earners fund the entirety of the government? The Telamon pound is one of the most valued currencies in the world, along with the Rutanian ruta and the Lodamun dollar. One pound in Telamon is worth 42.5 Kirlawan dinars, 44.65 Dolgavas dalderis and 36.6 Davosti. With one of the de facto currencies of the world, why should the 1000-4000 tax bracket pay no taxes at all? I would even classify the citizens in this bracket as middle class. We should lessen the tax burden on the rest of our citizens by taxing these free loaders. Exchange rates located here http://classic.particracy.net/rates.php |
| Date | 04:24:38, March 17, 2012 CET | From | House Stafford | To | Debating the Income tax proposal of January 3274 |
| Message | Regarding the CPU's comment, this is not a regressive income tax proposal. It is still a progressive tax proposal, even though it changes the amount of taxation and the tax brackets. |
| Date | 12:02:56, March 18, 2012 CET | From | Catholic Political Union | To | Debating the Income tax proposal of January 3274 |
| Message | Mr. Speaker, This is a very regressive tax proposal. The highest rate of income tax is being cut from 50% to 35%, meaning the rich pay less. Similarly, the tax threshold is being reduced from 4000TPD to 1000TPD, meaning the poorest pay more. Contrary to what the House of Stafford are claiming, *nobody* will "get off without paying any income tax" under this proposal. 1000TPD is too low a threshold. For example, in Ferene, the poorest person earns 2889 (see http://classic.particracy.net/viewregion.php?regionid=87 ). |
| Date | 03:41:57, March 19, 2012 CET | From | House Stafford | To | Debating the Income tax proposal of January 3274 |
| Message | A regressive tax proposal is a tax system that taxes the rich less than it taxes the poor. This is not a regressive tax proposal. Also, your number for "poorest person" is actually the AVERAGE income of the lowest tax bracket. That means that from everyone who earns 0 to 4,000 pounds, the average income is 2,889. It is not the least amount someone earns in Ferene. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 224 | |||
| no | Total Seats: 274 | |||
| abstain |
Total Seats: 102 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "It makes no difference, in principle, if this 'collective will' is divined by the edicts of a dictator or by majority vote, so long as the rights of the individual may still be sacrificed." - Robert Garmong |