Bill: Income tax proposal Second Revision
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 3809
|The FJS Freedom, Justice, Sustainability propose to adjust the government's income tax policy to better address the economic situation of the Great Democratic Republic of Lodamun.|
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
|> 500 LOD||5%||1,434,000,000 LOD|
|> 1,000 LOD||10%||11,035,000,000 LOD|
|> 3,000 LOD||25%||17,075,000,000 LOD|
|> 5,000 LOD||35%||6,244,000,000 LOD|
|> 6,000 LOD||45%||5,117,000,000 LOD|
|> 7,000 LOD||50%||9,824,000,000 LOD|
|> 10,000 LOD||90%||3,311,000,000 LOD||Total||54,040,000,000 LOD|
These messages have been posted to debate on this bill:
|Date||07:49:43, February 28, 2015 CET||From||FJS Freedom, Justice, Sustainability||To||Debating the Income tax proposal Second Revision|
|Message||So here is the situation. Our first two tax proposals were deeply flawed, because we had a flawed understanding the structure of the brackets (believing that the brackets were percentiles of wealth rather then the actual amount of income each citizen earned). We have built a new tax structure we believe is fair and progressive. It generates more revenue then the current system (current income tax generates 34.6 billion, ours will generate 54 billion) |
The current budget is running a 19.5 billion LOD deficit. This is irresponsible and unsustainable. With our tax proposal generating 54 billion, plus 3.8 billion from corporation tax and 41.1 billion from sales tax we have end up with 98.9 billion to work with. The current budget spending is 99.2 billion. By making modest cuts to the three of the four most expensive departments, infrastructure, health, and education, we are able to get our spending down to 96 billion. this will give us a safe 2.9 billion LOD surplus. While we hate to make cuts we also can't reasonably raise any more revenue. If other parties have better ideas how to generate revenue and balance the budget we are all ears.
Minister of Finance
|Date||14:37:30, February 28, 2015 CET||From||Great National Republican Guard||To||Debating the Income tax proposal Second Revision|
This tax proposal is stupid as well. The difference between the brackets and the percentages are not consistent.
Chairman of the GNRG
|Date||16:30:33, February 28, 2015 CET||From||FJS Freedom, Justice, Sustainability||To||Debating the Income tax proposal Second Revision|
We find it ironic that the party that is always jumping to criticize parties for braking parliamentary procedure, or making real world references is so quick to resort to name calling. Furthermore we are rapidly approaching a deadline to get this put to a vote in time for voting to close before the next election. We hope that more constructive parties will add input before the deadline, but this may well go to vote in its current form.
|Date||17:09:26, February 28, 2015 CET||From||Great National Republican Guard||To||Debating the Income tax proposal Second Revision|
Whatever President Bower considers to be "name calling" is not against parliamentary procedure. In any case, we did not call anyone any names. We said the proposal is stupid, and we gave our reason; there is no consistency in the size of the brackets or the percentage increase for each bracket.
Chairman of the GNRG
OOC: The party didn't complain about real world references. I, the player, did. I complained out-of-character. Your characters can't be speaking of real-world references.
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