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Bill: Income tax proposal of August 4333
Details
Submitted by[?]: Íhaldssamt Trúflokkurinn
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: April 4334
Description[?]:
| The Conservative Faith Union propose to adjust the government's income tax policy to better address the economic situation of the Republic Of Telamonia. “As we move out of anarchy and into a more centralised government we must have the funds to support our endeavours” says Jackson Jackson III Minister of Finance. “People making less than 1000 TBP will be exempt from taxes completely. The broadest shoulders must carry the heaviest burden.” (ooc: No one is making above 20k in our country hence the small size of the brackets) |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 45
Proposed: 7
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 7
Proposed: 2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 27
Proposed: 7
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 |
| > 1,000 TPD | 2% | 4,938,000,000 TPD |
| > 7,000 TPD | 7% | 3,621,000,000 TPD |
| > 12,000 TPD | 12% | 1,919,000,000 TPD | Total | 10,478,000,000 TPD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 157 | |||
| no | Total Seats: 244 | |||
| abstain | Total Seats: 0 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "It makes no difference, in principle, if this 'collective will' is divined by the edicts of a dictator or by majority vote, so long as the rights of the individual may still be sacrificed." - Robert Garmong |