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Bill: Income tax proposal of June 2177
Details
Submitted by[?]: Shuggoth Progressive 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 2178
Description[?]:
| The Shuggoth Progressive Party propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthori Empire. |
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 LPD | 5% | 2,820,000,000 LPD |
| > 1,000 LPD | 10% | 8,468,000,000 LPD |
| > 2,500 LPD | 20% | 16,752,000,000 LPD |
| > 4,000 LPD | 30% | 27,550,000,000 LPD |
| > 6,000 LPD | 40% | 27,023,000,000 LPD |
| > 8,000 LPD | 45% | 20,219,000,000 LPD |
| > 10,000 LPD | 50% | 20,310,000,000 LPD |
| > 12,500 LPD | 55% | 12,888,000,000 LPD |
| > 15,000 LPD | 60% | 17,070,000,000 LPD | Total | 153,100,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 01:11:54, January 29, 2006 CET | From | Shuggoth Progressive Party | To | Debating the Income tax proposal of June 2177 |
| Message | This will both give us more revenue, and spread the tax burden out more fairly. |
| Date | 01:44:58, January 29, 2006 CET | From | Social Calvinist Unionist Party | To | Debating the Income tax proposal of June 2177 |
| Message | 60% of their income on 15 thousand pounds?!? That's insane. If anything, we should taxes the businesses, not the people. I mean, at least tax them fairly. 10% for Businesses and 60% for people is just crazy. |
| Date | 03:51:58, January 29, 2006 CET | From | Luthori Green Party | To | Debating the Income tax proposal of June 2177 |
| Message | As a tax and spender, even I can see that 60% is rather alot. |
| Date | 04:24:04, January 29, 2006 CET | From | Shuggoth Progressive Party | To | Debating the Income tax proposal of June 2177 |
| Message | Less than 1% of our citizens would be taxed at 60 per cent, and those are our richest citizens; they can easily afford it. Our poorest citizens would be paying a whopping 15% - 20% less under this plan! Our latest budget gave us a deficit, so we have to do something to become solvent. |
| Date | 09:57:26, January 29, 2006 CET | From | Covenanters (IA) | To | Debating the Income tax proposal of June 2177 |
| Message | As firm believers in a flat rate income tax system and raising further tax revenue by taxing consumption, we cannot endorse this. |
| Date | 16:57:21, January 29, 2006 CET | From | Shuggoth Progressive Party | To | Debating the Income tax proposal of June 2177 |
| Message | Submitting this to a vote. If it doesn't pass, I will introduce another tax bill that rewards the rich and punishes the poor I guess...though I'm not sure why you would be in favor of doing so! |
| Date | 19:15:49, January 29, 2006 CET | From | Social Calvinist Unionist Party | To | Debating the Income tax proposal of June 2177 |
| Message | No; we wan't equal payment. 60% of 15,000 pounds is alot. They'd have about 7,000 pounds, and when you look at it; we are poor. That would be equivalent of them having $30,000. Which isn't alot. |
| Date | 19:38:03, January 29, 2006 CET | From | Covenanters (IA) | To | Debating the Income tax proposal of June 2177 |
| Message | A flat rate doesn't reward or punish anybody, it raises revenue fairly. It's a percentage: the more you earn the more you pay. Increasing the percentage for high earners is robbery. |
| Date | 21:41:09, January 29, 2006 CET | From | Shuggoth Progressive Party | To | Debating the Income tax proposal of June 2177 |
| Message | Ah my bad, when you said "flat rate" I assumed you meant every citizen would pay the same amount, which is clearly NOT fair. If one makes 1000 LPD and pays 200 LPD tax, and one person makes 17,000 LPD and pays 200 LPD tax, clearly the poor person is paying more hehe. I'll introduce another proposal that generates enough revenue to cover our current shortfall. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 163 | |||||
| no |
Total Seats: 484 | |||||
| abstain | Total Seats: 103 |
| Random fact: The influence a bill has on elections decreases over time, until it eventually is no longer relevant. This can explain shifts in your party's position to the electorate and your visibility. |
| Random quote: "The avoidance of taxes is the only intellectual pursuit that still carries any reward." - John Maynard Keynes |