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Bill: Income tax proposal of May 3318
Details
Submitted by[?]: labor 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 not pass any sooner than the deadline.
Voting deadline: June 3319
Description[?]:
| The republican party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Tukarali. this will bring equality to the entire nation ergonomically |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 9
Current: 4
Proposed: 7
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 48
Current: 27
Proposed: 49
Article 3
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 |
| > 10,000 TUK | 1% | 28,173,000,000 TUK |
| > 60,000 TUK | 8% | 187,637,000,000 TUK |
| > 110,000 TUK | 14% | 189,643,000,000 TUK |
| > 160,000 TUK | 21% | 175,267,000,000 TUK |
| > 210,000 TUK | 28% | 136,317,000,000 TUK |
| > 260,000 TUK | 35% | 105,673,000,000 TUK |
| > 310,000 TUK | 42% | 86,940,000,000 TUK |
| > 360,000 TUK | 49% | 68,942,000,000 TUK |
| > 410,000 TUK | 56% | 76,285,000,000 TUK |
| > 460,000 TUK | 63% | 73,712,000,000 TUK |
| > 545,000 TUK | 98% | 9,402,000,000 TUK | Total | 1,137,991,000,000 TUK |
Debate
These messages have been posted to debate on this bill:
| Date | 03:00:14, June 13, 2012 CET | From | Left Bloc - Rupture Political XXI | To | Debating the Income tax proposal of May 3318 |
| Message | acept |
| Date | 07:56:07, June 13, 2012 CET | From | União Democrática do Tukarali | To | Debating the Income tax proposal of May 3318 |
| Message | "A tax of 98% on income would simply be ridiculous (and, as we can see, it wouldn't even bring much income). But absurd taxartion policies have always been part and parcel of the Fascists of the so-called Republican Party, and it seems that they get the support of the allegedly democratic Left Bloc." Teodosio Paco Suárez, Finance spokesman of the TDU |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 39 | ||
| no | Total Seats: 53 | ||
| abstain | Total Seats: 33 |
| Random fact: Party organizations are eligible for deletion if they are over 50 in-game years old, do not have at least 1 active member or are historically significant and possess historically significant information. |
| Random quote: "I did not have sexual relations with that woman." - Bill Clinton |