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Bill: Income tax proposal of October 3813
Details
Submitted by[?]: Free Democratic 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: June 3814
Description[?]:
The Libertarian Party of Solentia (LPS) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Solentia. "This bill will slightly decreases taxes on the wealthy, but it will keep taxes high for the super wealthy. Overall, it will tax our nation less, and it will remove approx. 2,000,000,000 off our tax code, and it will give our surplus back to the people." ~Ted Johnson, Head Chairman of the LPS |
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 |
> 10,000 SOL | 4% | 22,440,000,000 SOL |
> 20,000 SOL | 8% | 35,817,000,000 SOL |
> 30,000 SOL | 14% | 49,979,000,000 SOL |
> 40,000 SOL | 20% | 51,998,000,000 SOL |
> 50,000 SOL | 25% | 47,854,000,000 SOL |
> 60,000 SOL | 30% | 40,691,000,000 SOL |
> 70,000 SOL | 35% | 42,274,000,000 SOL |
> 80,000 SOL | 38% | 40,041,000,000 SOL |
> 90,000 SOL | 40% | 34,312,000,000 SOL |
> 100,000 SOL | 45% | 42,248,000,000 SOL |
> 120,000 SOL | 50% | 27,065,000,000 SOL | Total | 434,719,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
Date | 04:37:04, March 11, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Income tax proposal of October 3813 |
Message | Sure, this seems fair. We keep the tax rate high on the Super Wealthy whilst giving the Upper-Middle Class a cut. Though we would prefer to wait on other tax cuts so that we can propose a broader tax cut across the brackets, not just one benefiting the second highest bracket. |
Date | 04:39:08, March 11, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of October 3813 |
Message | "This wasn't meant to be a big tax cut. We cut the budget before taxes. We just saw a substantial surplus, and we thought it might be a good opportunity to give a slight tax break to the smaller business owners." ~Ted Johnson, Head Chairman of the LPS |
Date | 04:39:51, March 11, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Income tax proposal of October 3813 |
Message | Agreed! Let's try to get this through. -Jessica Chambers, Head Speaker of the Reform Option Council |
Date | 04:45:10, March 11, 2015 CET | From | SUN | To | Debating the Income tax proposal of October 3813 |
Message | Voting on tax breaks for the super rich without any guarantee of changing the tax rate back after the surplus is exhausted is a bad idea. Pierre Acton, National Chairman, SUN |
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Voting
Vote | Seats | |||
yes | Total Seats: 188 | |||
no | Total Seats: 237 | |||
abstain | Total Seats: 0 |
Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
Random quote: "To the youth of America, I say, beware of being trivialized by the commercial culture that tempts you daily. I hear you saying often that you're not turned on by politics. The lessons of history are clear and portentous. If you do not turn onto politics, politics will turn on you." - Ralph Nader |