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Bill: Income tax proposal of June 4082
Details
Submitted by[?]: Party of the Democratic Revolution
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: February 4083
Description[?]:
| The Solentia National Party (SNP) 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 |
| > 15,000 SOL | 3% | 15,494,000,000 SOL |
| > 25,000 SOL | 10% | 56,458,000,000 SOL |
| > 40,000 SOL | 25% | 112,607,000,000 SOL |
| > 60,000 SOL | 40% | 78,964,000,000 SOL |
| > 75,000 SOL | 55% | 137,066,000,000 SOL |
| > 100,000 SOL | 65% | 96,060,000,000 SOL | Total | 496,649,000,000 SOL |
Debate
These messages have been posted to debate on this bill:
| Date | 18:36:03, August 30, 2016 CET | From |  Party of the Democratic Revolution | To | Debating the Income tax proposal of June 4082 |
| Message | This taxation bill takes money from the privilege few, and if passed I propose a spending bill to invest more money into departments that will help the people. Instead of the Republicans believing in trickle down economics and heavy tax cuts for everyone (along with a decaying austerity state), we hold the priveleged few to account whilst still cutting taxes for the low to middle earners in Solentia. |
| Date | 18:39:41, August 30, 2016 CET | From | Republican Party | To | Debating the Income tax proposal of June 4082 |
| Message | I support tax cuts for everyone including the rich? Why should they have to pay more taxes? Plus, how can the economy grow? The wealthy need to invest money to create jobs and small businesses. The more business and competitor we have the stronger our economy is. This pockets money the government doesn't need. We need to put our government on a diet and spend less. We have a spending not a revenue problem. The tax rates are way too high. Tax cuts help all people. We need to lower the coorporate tax rate and abolish the luxury tax. A small cooperate tax rate of 5% should be the goal. And a flat tax |
| Date | 18:43:11, August 30, 2016 CET | From | Party of the Democratic Revolution | To | Debating the Income tax proposal of June 4082 |
| Message | People earning under 15000 SOL still do not pay tax. People earning greater than 15000 SOL pay a tax rate of 3% which is a tax cut of 2% People earning greater than 25000 SOL pay a tax rate of 10% which is a tax cut of 5% People earning greater than 40000 SOL pay a tax rate of 25% which is a tax cut of 5% People earning greater than 60000 SOL pay a tax rate of 40% which is a tax rise of 5% People earning greater than 75000 SOL pay a tax rate of 55% which is a tax rise of 15% People earning greater than 100000 SOL pay a tax rate of 65% which is a tax rise of 16% I beg you to vote for this tax bill, it creates a growing middle class and takes money from the greedy privileged few and gives it to the hands of the working and middle class. |
| Date | 18:44:58, August 30, 2016 CET | From | Republican Party | To | Debating the Income tax proposal of June 4082 |
| Message | Yes but we should also cut taxes for the rich. My does that and requires all people to pay taxes. Everyone rich or poor should pay taxes |
| Date | 18:49:46, August 30, 2016 CET | From | Party of the Democratic Revolution | To | Debating the Income tax proposal of June 4082 |
| Message | A flat tax is unfair if a poor person has to pay the same tax as a fat cat billionaire |
| Date | 19:38:22, August 30, 2016 CET | From | Coalition for National Unity [CNU] | To | Debating the Income tax proposal of June 4082 |
| Message | OOC: Note, the tax system in Particracy works the other way around. The first bracket (3%) is actually a tax on the first 15k of income, not the start of the tax system itself. It's a bit confusing. |
| Date | 21:14:17, August 30, 2016 CET | From | Republican Party | To | Debating the Income tax proposal of June 4082 |
| Message | OCC: thank you for telling us. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 247 | ||||
| no |
Total Seats: 401 | ||||
| abstain | Total Seats: 102 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "There are many men of principle in both parties in America, but there is no party of principle." - Alexis de Tocqueville |