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Bill: Income tax proposal of August 3805
Details
Submitted by[?]: National Republican 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: April 3806
Description[?]:
| The National Republicanism Party propose to adjust the government's income tax policy to better address the economic situation of the 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 TPD | 17% | 63,267,000,000 TPD | Total | 63,267,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 20:05:07, February 22, 2015 CET | From | National Republican Party | To | Debating the Income tax proposal of August 3805 |
| Message | We are finally going implement a flat income tax, the fairest and most profitable system of taxation. We hope, as revenues rise, to be able to gradually reduce the rate of this tax. Current Finance Ministry projections believe that a 12% rate would be around optimal. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 39 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 36 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems, the problems of life and of human relations, of creation and behaviour and religion." - John Maynard Keynes |