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Bill: Income tax proposal of May 3288
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: January 3289
Description[?]:
| The House 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% | 8,487,000,000 TPD |
| > 2,500 TPD | 20% | 23,123,000,000 TPD |
| > 5,000 TPD | 25% | 21,064,000,000 TPD |
| > 10,000 TPD | 32% | 9,572,000,000 TPD | Total | 62,246,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:26:38, April 14, 2012 CET | From |  Democratic Action Party | To | Debating the Income tax proposal of May 3288 |
| Message | Mr. Speaker, If our maths are correct, this proposed tax cut will put our national finances in the red. While we are always in favor of lowering taxes, deficit spending is not the way to go. |
| Date | 14:24:19, April 14, 2012 CET | From | House Stafford | To | Debating the Income tax proposal of May 3288 |
| Message | Yeah, I was going to propose budget cuts if this passed. A small deficit for a little while isn't a big deal, since we've run a surplus for so long. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 244 | |||||
| no | Total Seats: 86 | |||||
| abstain |
Total Seats: 270 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "Seventy-seven percent of anti-abortion leaders are men. 100% of them will never be pregnant." - Planned Parenthood advertisement |