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Bill: Income tax proposal of January 4587

Details

Submitted by^[?]: 3Demands

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: September 4587

Description^[?]:

The 3Demands propose to adjust the government's income tax policy to better address the economic situation of the Federal Socialist Republic of Hawu-Ikradon.

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 IKD	1%	10,367,000,000 IKD
> 30,000 IKD	10%	62,978,000,000 IKD
> 50,000 IKD	15%	34,210,000,000 IKD
> 60,000 IKD	20%	38,637,000,000 IKD
> 70,000 IKD	25%	40,050,000,000 IKD
> 80,000 IKD	30%	67,907,000,000 IKD
> 100,000 IKD	40%	40,669,000,000 IKD
> 130,000 IKD	45%	4,182,000,000 IKD
> 140,000 IKD	46%	2,580,000,000 IKD
> 150,000 IKD	50%	6,425,000,000 IKD
Total		308,005,000,000 IKD

Debate

These messages have been posted to debate on this bill:

Date	02:10:02, June 07, 2019 CET
From	Revolutionary Socialist Movement
To	Debating the Income tax proposal of January 4587
Message	No! This will put us deep in debt!

Date	04:25:31, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	if this one is enacted it can generate more money we cannot take more money from the poor people we should tax the rich only

Date	04:26:45, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	please fix the spending bill there are some unnecessary spendings

Date	06:27:05, June 07, 2019 CET
From	Social Democratic Party of Havu
To	Debating the Income tax proposal of January 4587
Message	50% Tacation Rate?!

Date	07:39:59, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	we are taking 75000 from 150000

Date	07:40:39, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	the person gets a savings of 75000

Date	07:41:16, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	this taxation means for more savings in the hand of ordinary people

Date	07:42:48, June 07, 2019 CET
From	3Demands
To	Debating the Income tax proposal of January 4587
Message	the current taxation code is killing ordinary people

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Voting

Vote

Seats

yes

3Demands (201)

Total Seats: 201

Social Democratic Party of Havu (158)
Revolutionary Socialist Movement (81)

Total Seats: 239

abstain

Total Seats: 211

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: "Liberty is not a means to a higher political end. It is itself the highest political end." - John Dalberg-Acton

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