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Bill: Income tax proposal of October 2188
Details
Submitted by[?]: Telamon Social 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: June 2189
Description[?]:
| The Telamon Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Telamon Commonwealth. Our Budget shows a significant surplus and even more so if our Budget will be passed. To share that money to our citizens we propose lowering the level of income tax. The tax cut is directed to the citizens whose earnings are below the national average to increase consumer demand and remove obstacles to employment. As our nation gets wealthier and wages increase we will have to introduce new tax brackets and therefore we have taken a preparative step in that direction. The new tax bracket only targets the telamonians with the highest incomes. Influence of the new bracket is also, even for the wealthy, more than made up by the tax cut in lower income brackets. The wealthiest of telamonians earn less than 19900 per year which means a maximum increase of 40 TPD/annum while the taxes will be lowered by 80 TPD/annum for all earning over 8000 TPD/annum. Introduction of this new bracket now removes the necessity to make more radical changes later on. |
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 TPD | 4% | 5,041,000,000 TPD |
| > 4,500 TPD | 8% | 6,385,000,000 TPD |
| > 8,000 TPD | 15% | 5,542,000,000 TPD |
| > 12,000 TPD | 22% | 1,772,000,000 TPD |
| > 15,000 TPD | 30% | 2,296,000,000 TPD |
| > 19,500 TPD | 40% | 135,000,000 TPD | Total | 21,171,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes | Total Seats: 88 | ||||
| no |
Total Seats: 230 | ||||
| abstain |
Total Seats: 37 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "Let's call the drug war what it is, ethnic cleansing of Americans." - Jello Biafra |