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Bill: Income tax proposal of January 2200
Details
Submitted by[?]: Liberalistische Sozialistischepartei
Status[?]: passed
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: September 2200
Description[?]:
| The Liberty Party propose to adjust the government's income tax policy to better address the economic situation of the Dundorf Democratic Republic. |
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 |
| > 1,408 DUM | 1% | 819,000,000 DUM |
| > 2,817 DUM | 3% | 7,368,000,000 DUM |
| > 7,042 DUM | 12% | 49,132,000,000 DUM |
| > 14,085 DUM | 30% | 232,116,000,000 DUM |
| > 28,169 DUM | 36% | 295,059,000,000 DUM |
| > 56,338 DUM | 40% | 181,392,000,000 DUM |
| > 112,672 DUM | 45% | 16,146,000,000 DUM | Total | 782,032,000,000 DUM |
Debate
These messages have been posted to debate on this bill:
| Date | 04:48:45, March 15, 2006 CET | From | Liberalistische Sozialistischepartei | To | Debating the Income tax proposal of January 2200 |
| Message | As I said in the other poll, "baby steps." The goal is a total of 10% flat tax. I also don't think we need this many brackets, but i'll leave it alone... then again, once we have a 10% flat tax I guess we'll only need one tax bracket. ;-) |
| Date | 16:04:44, March 15, 2006 CET | From | Kommunistische Arbeitspartei | To | Debating the Income tax proposal of January 2200 |
| Message | So...rob the poor of their income while allowing the rich to maintain obscene amounts of money? Your 'flat tax' isn't quite as wonderful as you think. |
| Date | 16:37:31, March 15, 2006 CET | From | Liberalistische Sozialistischepartei | To | Debating the Income tax proposal of January 2200 |
| Message | That depends. When the rich have their "obscene" (which I think is somewhat over dramatic) amounts of money then they are able to invest in business ideas. The growth of small businesses helps workers with unemployment problems & gives the market competing wages. Not to mention the ability to set up private tuition funds for women/minorities & the poverty stricken to attend college. As you can see by the budget (which is now up to date): there is now a 9.5 bil corporate tax revenue. Before this tax proposal the corp revenue was 0 (because there were no corporations). Therefore, this is helping the government too. With this additional 9.5 bil (plus more to come when more businesses grow) we will be allowed to lower taxes even more for all groups without reducing spending. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 381 | |||||
| no | Total Seats: 94 | |||||
| abstain |
Total Seats: 275 |
| Random fact: Particracy does not allow official national flags of real-life nations or flags which are very prominent and recognisable (eg. the flags of the European Union, the United Nations, Nazi Germany, the Soviet Union or the Confederate States of America). |
| Random quote: Wait a min was we tricked into voting for absolute monarchy (Jamie Jamesson, Chancellor of Luthori 4269-4310) |