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Bill: Income tax proposal of February 2166
Details
Submitted by[?]: Telamon Social Democratic Party
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: October 2166
Description[?]:
The Telamon Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Telamon Commonwealth. This the TSDP believes to require lowering the taxes for those with a lower income. The lowering of taxes has been partially balanced by a moderate raise on the taxes of the wealthy (still keeping their overall level of taxation rather low). |
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 |
> 2,000 TPD | 5% | 6,287,000,000 TPD |
> 4,500 TPD | 10% | 7,967,000,000 TPD |
> 8,000 TPD | 18% | 6,639,000,000 TPD |
> 12,000 TPD | 22% | 1,771,000,000 TPD |
> 15,000 TPD | 27% | 2,157,000,000 TPD | Total | 24,821,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
Date | 10:06:58, January 05, 2006 CET | From | Anti-Ownership Federation Party | To | Debating the Income tax proposal of February 2166 |
Message | i feel this is not a good system as most of our revenue is coming from the lower and lower-middle classes....... |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 160 | ||||
no | Total Seats: 0 | ||||
abstain |
Total Seats: 95 |
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