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Bill: Income tax proposal of October 2204
Details
Submitted by[?]: National Thomasian 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: December 2207
Description[?]:
| The Nassionalistes Tomassián propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Mordusia. Our Economic plan is to lower the surplus by reducing tax for the lowest income bracket to improve their circumstances and to invest the rest of the surplus in our nations youth by greatly increasing school funding. |
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 |
| > 10,000 MRD | 8% | 89,363,000,000 MRD |
| > 30,000 MRD | 15% | 223,216,000,000 MRD |
| > 75,000 MRD | 25% | 171,676,000,000 MRD | Total | 484,255,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 15:05:19, March 25, 2006 CET | From | Mordusian Individualists | To | Debating the Income tax proposal of October 2204 |
| Message | We are completely opposed. The tax burden on the rich is far too high. We should be lowering taxes, health is now private and there are enough hand outs for the poor. We need more of an equal or flat tax and enough of this progressive nonsense that punishes people for their success. |
| Date | 16:00:15, March 25, 2006 CET | From | Unio Liberál daď Ordio Mordusián | To | Debating the Income tax proposal of October 2204 |
| Message | We fully agree with the SLP. This is not going far enough. |
| Date | 22:38:46, March 25, 2006 CET | From | National Thomasian Party | To | Debating the Income tax proposal of October 2204 |
| Message | The tax on the rich are ridiculously low! If Success is getting rich of the backs of the poor then it should be punished not encouraged! We will not hear this nonsense. |
| Date | 03:58:10, March 26, 2006 CET | From | Mordusian Individualists | To | Debating the Income tax proposal of October 2204 |
| Message | We have a 58 million surplus, and that money should be going back to the people via lower taxes. We don't mnid lowering the tax burden, but do it uniformly amongst all welath brackets. Speaking of that, we should create more brackets. how about 5k and below pay nothing, 0% taxes. Just a suggestion. |
| Date | 14:02:13, March 26, 2006 CET | From | National Thomasian Party | To | Debating the Income tax proposal of October 2204 |
| Message | OOC: beyond the ramblings of a comunist religious fanatic might I point out the advantages of a progressive tax rate IRL. The richer you are, the lower your marginal propensity to spend compared to the poor because the very rich especially don't need all their money. They will invest some of it but a large proportion of m,oney in the hands of the rich does actually become dead and acts as a drag on the economy. If the government spends that invests by taxing it off them then it will probably improve the economy. A flat tax rate will generally overtax the poorest making things harder for them and undertax the rich resulting in lots of dead money. |
| Date | 03:37:45, March 27, 2006 CET | From | The Mordusian Green Party | To | Debating the Income tax proposal of October 2204 |
| Message | We will vote no on any tax proposal in which the highest tax bracket does not result in the highest revenues. |
| Date | 03:38:05, March 27, 2006 CET | From | The Mordusian Green Party | To | Debating the Income tax proposal of October 2204 |
| Message | Those who can afford it most should pay the most. |
| Date | 10:09:51, March 27, 2006 CET | From | Mordusian Individualists | To | Debating the Income tax proposal of October 2204 |
| Message | I think we should make a tax bracket for 5k and below who would not be taxed, but keep taxes the same as they are now. We have a 58 million surplus that we might aswell spend on the poor. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 249 | |||||
| no |
Total Seats: 350 | |||||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Under every stone lurks a politician." Aristophanes (450 BC - 388 BC), Thesmophoriazusae, 410 B.C |