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Bill: Income tax proposal of June 2188
Details
Submitted by[?]: United Worker's 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: February 2189
Description[?]:
The United Worker's Party propose to adjust the government's income tax policy to better address the economic situation of the Free Republic of Jelbania. |
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 |
> 2,000 JEL | 7% | 12,037,000,000 JEL |
> 5,000 JEL | 13% | 37,256,000,000 JEL |
> 10,000 JEL | 19% | 54,452,000,000 JEL |
> 15,000 JEL | 26% | 149,025,000,000 JEL |
> 25,000 JEL | 34% | 462,859,000,000 JEL |
> 70,000 JEL | 41% | 161,424,000,000 JEL |
> 100,000 JEL | 55% | 207,532,000,000 JEL | Total | 1,084,585,000,000 JEL |
Debate
These messages have been posted to debate on this bill:
Date | 06:07:12, February 20, 2006 CET | From | Centre Démocratique | To | Debating the Income tax proposal of June 2188 |
Message | The Citizens Party agrees that the wealthy should pay their fair share. |
Date | 17:35:25, February 20, 2006 CET | From | Socialists Fury | To | Debating the Income tax proposal of June 2188 |
Message | I agree that wealthy people should pay their fair share, however I do not feel that a 55% tax is quite fair. If you look at someone who makes exactly 100,000 JEL, taxing them 55%, they'd only make 45,000 JEL, and if you look at someone who makes exactly 70,000 JEL and taxing them at 41%, they'd only make 41,300 JEL....... So someone who is technically supposed to be making 30,000 more JEL, is only going to end up making 3,700 JEL more than the prior tax bracket. If you look at the increases in tax with each tax bracket, you'll see the increases go 6%, 6%, 7%, 8%, 7%, 14% ....... |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 178 | ||||
no |
Total Seats: 170 | ||||
abstain |
Total Seats: 153 |
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