We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Tax Reform and Simplification
Details
Submitted by[?]: Federal Green Party (FGP)
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: September 3823
Description[?]:
| The Federal Green Reform Party (FGRP) propose to adjust the government's income tax policy to better address the economic situation of the Democratic 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 |
| > 35,000 SOL | 20% | 161,729,000,000 SOL |
| > 75,000 SOL | 40% | 158,461,000,000 SOL | Total | 320,190,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 20:38:17, March 29, 2015 CET | From | Free Democratic Party | To | Debating the Tax Reform and Simplification |
| Message | "This hurts the middle class. He upper-middle class is very important, and this levies a 40% tax on someone in the upper-middle class." ~Amy Smith, Secondary Chairman of the LPS |
| Date | 20:40:18, March 29, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Tax Reform and Simplification |
| Message | You said you wanted two rates. Alright, propose your own bill with two rates then. Good luck. |
| Date | 20:42:36, March 29, 2015 CET | From | Free Democratic Party | To | Debating the Tax Reform and Simplification |
| Message | "Ok for the sake of compromise we will accept this. We'd prefer if the higher bracket wasn't pounded so much." ~Ted Johnson, Head chairman of the LPS and Prime Minister |
| Date | 20:44:21, March 29, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Tax Reform and Simplification |
| Message | I admit the bill isn't ideal... maybe we can figure out some way to establish lower rates for ends. But we would have to raise taxes elsewhere or cut spending a good deal. We can attempt both of those things or a combination of the two. |
| Date | 20:58:35, March 29, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Tax Reform and Simplification |
| Message | I will do the math to see if the middle class really does have to pay more with this proposal: First off, someone earning 40,000 SOL would pay 1000 SOL in taxes or an effective rate of 2.5%. Currently this person would pay 1500 SOL or 3.75%. Someone earning 50,000 SOL would pay 3000 SOL in taxes or an effective rate of 6%. Currently this person would pay 3000 SOL. So this person truly does not receive a tax cut. Someone earning 60,000 SOL would pay 5000 SOL in taxes or an effective rate of 8.33%. Currently this person would pay 4500 SOL. So this person does have to pay 500 SOL more in taxes. You are correct. Someone earning 70,000 SOL would pay 7000 SOL in taxes or an effective rate of 10%. Currently this person would pay 7500 SOL. So this person actually would receive a small tax cut of 500 SOL. Someone earning 80,000 SOL would pay 10000 SOL in taxes or an effective rate of 12.5%. Currently this person would pay 10500 SOL. So this person would receive a small tax cut of 500 SOL. Overall, I must admit that this is an unfair tax reform. We should certainly try to figure out a better reform if we are serious about going to two rates. I will continue to work on this idea and see what workable options we can put on the table. Where everyone would receive a small tax cut whilst maintaining a budgetary surplus. |
| Date | 21:03:17, March 29, 2015 CET | From | Free Democratic Party | To | Debating the Tax Reform and Simplification |
| Message | "We care about the upper middle class, but we do think that less taxes overall is good. Why did Ted Johnson and Amy Smith comment on this? I'm not sure. It's my responsibility to do so." ~Tom Rand, financial Director of the LPS and Minister of Trade and industry |
| Date | 21:20:43, March 29, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Tax Reform and Simplification |
| Message | Thankfully if we can get the budget bill passed this income proposal would not be necessary and we can instead cut taxes across the board. |
| Date | 00:06:06, March 30, 2015 CET | From | Radical Republican Party (RRP) | To | Debating the Tax Reform and Simplification |
| Message | NLP is against any further cuts in taxes Aaron Johnsson Vice-chair NLP |
| Date | 15:03:05, March 30, 2015 CET | From | Federal Green Party (FGP) | To | Debating the Tax Reform and Simplification |
| Message | This actually doesn't cut taxes, it brings in about the same amount in taxes as our current tax code. It only simplifies the tax structure to two rates instead of three. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | |||
| yes | Total Seats: 304 | |||
| no | Total Seats: 221 | |||
| abstain | Total Seats: 0 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "In heaven all the interesting people are missing." - Friedrich Nietzsche |