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Bill: Income tax proposal of October 3843
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: June 3844
Description[?]:
| The National Republican 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 | 16% | 53,052,000,000 TPD |
| > 9,000 TPD | 20% | 8,075,000,000 TPD | Total | 61,127,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 17:41:25, May 10, 2015 CET | From | Telamonian Reform Party | To | Debating the Income tax proposal of October 3843 |
| Message | This system is an improvement on the current flat rate. However, it is still regressive. The TRP support taking the lowest earners out of income tax altogether and requiring the wealthy to pay their fair share. |
| Date | 17:44:02, May 10, 2015 CET | From | National Republican Party | To | Debating the Income tax proposal of October 3843 |
| Message | The "fairest" tax is the flat tax - one flat rate for all citizens, with the rich still paying more as a greater sum is taken out of their income. However, the government would like to raise some extra revenue this year to compensate to possible cuts in the consumption taxes being considered by the Finance Ministry. Once the economy adjusts, a return to the flat tax will be considered by the government. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 500 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "A conservative is a man who sits and thinks, mostly sits." - Woodrow Wilson |