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Bill: Income tax proposal of December 3878
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: August 3879
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. We have been running a deficit for far too long. This is a stopgap measure - the government finds that the level of taxation proposed in unsustainable in the long run, but will accept it to fund a modernization of the armed forces. |
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 | 7% | 5,947,000,000 TPD |
| > 1,500 TPD | 10% | 12,176,000,000 TPD |
| > 3,750 TPD | 23% | 20,472,000,000 TPD |
| > 6,500 TPD | 35% | 16,197,000,000 TPD |
| > 10,000 TPD | 46% | 10,132,000,000 TPD |
| > 15,000 TPD | 54% | 4,314,000,000 TPD | Total | 69,238,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes | Total Seats: 326 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 146 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |