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Bill: Income tax proposal of August 2177
Details
Submitted by[?]: Liberty 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: April 2178
Description[?]:
| The Liberty Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Trigunia. |
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 |
| > 1,430 TRA | 19% | 50,049,000,000 TRA | Total | 50,049,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
| Date | 08:23:24, January 29, 2006 CET | From |  Liberty Party | To | Debating the Income tax proposal of August 2177 |
| Message | The government is currently taking TRA4bn too much money from the people. We propose to reduce this excess taxation. At the moment we are running a surplus of almost TRA4bn per year. This proposal will reduce the surplus to a little under TRA1bn. We have approached this by reducing our flat rate of tax by 1 percentage point to 19% and raising the tax-free personal allowance from TRA1290 to TRA1430. This will save everyone money, but because of the raise in the PA as well as the headline decrease, the effects will most benefit the poorest citizens of Trigunia. |
| Date | 05:01:02, January 30, 2006 CET | From | Trigunian Social-Democratic Workers | To | Debating the Income tax proposal of August 2177 |
| Message | What's the PA? |
| Date | 05:03:23, January 30, 2006 CET | From | Trigunian Social-Democratic Workers | To | Debating the Income tax proposal of August 2177 |
| Message | Nevermind. Sleepy. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 305 | |||||
| no | Total Seats: 58 | |||||
| abstain | Total Seats: 192 |
| Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
| Random quote: "I believe in an America where millions of Americans believe in an America that's the America millions of Americans believe in. That's the America I love." - Mitt Romney |