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Bill: Income tax proposal of February 3928
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: October 3928
Description[?]:
| The Anarcho-Capitalists of Solentia (ACS) 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 |
| > 40,000 SOL | 22% | 79,839,000,000 SOL |
| > 55,000 SOL | 31% | 69,444,000,000 SOL |
| > 70,000 SOL | 40% | 70,469,000,000 SOL |
| > 85,000 SOL | 49% | 66,577,000,000 SOL |
| > 100,000 SOL | 58% | 43,003,000,000 SOL |
| > 115,000 SOL | 67% | 49,519,000,000 SOL | Total | 378,851,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 15:59:37, October 26, 2015 CET | From |  Coalition for National Unity [CNU] | To | Debating the Income tax proposal of February 3928 |
| Message | "This proposal hikes up taxes for the poorest. Some anarchy." Brock Malcolm-Maxwell, Unionist Leader |
| Date | 16:41:49, October 26, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of February 3928 |
| Message | "This cuts taxes for the poor, and it raises taxes for the rich!" |
| Date | 16:42:12, October 26, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of February 3928 |
| Message | "This eliminates all taxes for those making below 40k!" |
| Date | 17:00:28, October 26, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of February 3928 |
| Message | "No it doesn't. It sets the lower rate at 22%. That bracket isn't nothing until 40k, it's 22% ON THE FIRST 40k you earn, that's how the tax system works." Brock Malcolm-Maxwell, Unionist Leader |
| Date | 19:29:55, October 26, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of February 3928 |
| Message | "Not true! It's 22% on the amount you earn between 40k and 55k." |
| Date | 19:49:05, October 26, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of February 3928 |
| Message | OOC- seriously, this is how the game engine is structured. |
| Date | 21:38:03, October 26, 2015 CET | From | Solentia Peoples' Party (SPP) | To | Debating the Income tax proposal of February 3928 |
| Message | OOC- To be fair, anything below 40k isn't taxed with this bill. To get tax for people under that you need >1SOL |
| Date | 18:23:50, October 27, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of February 3928 |
| Message | OOC- if you read it, then you understand that >40,000 means greater than 40,000. It means that greater than 40,000, people are taxed at 22%. Someone making 10,000 isn't taxed because 10,000 is less than 40,000. I've done the math on this, and I know how it works. For the way gobb says to be correct, then it would mean that anything above the top bracket is taxed at 0. SPP is correct. |
| Date | 18:23:50, October 27, 2015 CET | From | Free Democratic Party | To | Debating the Income tax proposal of February 3928 |
| Message | OOC- if you read it, then you understand that >40,000 means greater than 40,000. It means that greater than 40,000, people are taxed at 22%. Someone making 10,000 isn't taxed because 10,000 is less than 40,000. I've done the math on this, and I know how it works. For the way gobb says to be correct, then it would mean that anything above the top bracket is taxed at 0. SPP is correct. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 91 | ||||||
| no |
Total Seats: 334 | ||||||
| abstain |
Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "More Medicament Manufacture take the profits, workers take the factory" - Boros Norbert, former Endralonian businessman |