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Bill: Income tax proposal of March 4328
Details
Submitted by[?]: Félagsleg frjálslyndur fyrir Telamonia
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4328
Description[?]:
| The Liberal Centrist Party (LCP) propose to adjust the government's income tax policy to better address the economic situation of the Republic Of Telamonia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 7
Proposed: 3
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 45
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 27
Proposed: 8
Article 4
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 |
| > 500 TPD | 1% | 283,000,000 TPD |
| > 1,000 TPD | 2% | 1,700,000,000 TPD |
| > 2,500 TPD | 3% | 3,475,000,000 TPD |
| > 5,000 TPD | 6% | 3,251,000,000 TPD |
| > 7,500 TPD | 8% | 2,425,000,000 TPD |
| > 10,000 TPD | 11% | 1,783,000,000 TPD |
| > 12,500 TPD | 13% | 756,000,000 TPD |
| > 15,000 TPD | 16% | 1,278,000,000 TPD | Total | 14,951,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
| Date | 15:20:44, January 04, 2018 CET | From | Íhaldssamt Trúflokkurinn | To | Debating the Income tax proposal of March 4328 |
| Message | "Our country, even during anarchism, has been able to run a surplus. This is nothing short of daylight robbery of hard working people. The government is not suppose to be a for profit organization. We understand this is needed for the proposed Budget, but for us to support such measures Defense would have to be prioritized and there is no need for government to spend additional funds on technological advancements - this should be done by private companies." |
| Date | 19:16:45, January 04, 2018 CET | From | Communist Business Party | To | Debating the Income tax proposal of March 4328 |
| Message | Agree with religious crazies |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 0 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 500 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "The streets are safe in Philadelphia, it's only the people who make them unsafe." - Frank Rizzo |