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Bill: Income tax proposal of August 3448
Details
Submitted by[?]: Gilde Mercantile Solentia
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: November 3449
Description[?]:
| The Power of the People Party propose to adjust the government's income tax policy to better address the economic situation of the Millennial Republic of Solentia. |
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 SOL | 5% | 11,273,000,000 SOL |
| > 5,000 SOL | 8% | 22,547,000,000 SOL |
| > 10,000 SOL | 11% | 31,002,000,000 SOL |
| > 15,000 SOL | 14% | 38,925,000,000 SOL |
| > 20,000 SOL | 17% | 40,532,000,000 SOL |
| > 25,000 SOL | 20% | 41,671,000,000 SOL |
| > 30,000 SOL | 23% | 44,743,000,000 SOL |
| > 35,000 SOL | 26% | 42,040,000,000 SOL |
| > 40,000 SOL | 29% | 40,614,000,000 SOL |
| > 45,000 SOL | 32% | 38,205,000,000 SOL |
| > 50,000 SOL | 35% | 35,998,000,000 SOL |
| > 55,000 SOL | 38% | 130,721,000,000 SOL |
| > 80,000 SOL | 45% | 85,841,000,000 SOL |
| > 100,000 SOL | 50% | 73,892,000,000 SOL | Total | 678,004,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 01:08:09, March 02, 2013 CET | From |  Gilde Mercantile Solentia | To | Debating the Income tax proposal of August 3448 |
| Message | Debate guys!!! |
| Date | 16:53:10, March 02, 2013 CET | From | Republican Party | To | Debating the Income tax proposal of August 3448 |
| Message | I would prefer if you could lower the taxes in the lowest-earning brackets just a little bit, even if you have to raise taxes further for the wealthiest. |
| Date | 04:34:19, March 03, 2013 CET | From | Gilde Mercantile Solentia | To | Debating the Income tax proposal of August 3448 |
| Message | I would want that but taking more than 50% of the wealthy's income is like daylight robbery. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 233 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 192 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "We never know the worth of water 'til the well is dry." - Thomas Fuller |