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Bill: Income tax proposal of October 2250
Details
Submitted by[?]: Liberty Party
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: June 2251
Description[?]:
| The Liberty Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Trigunia. |
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 |
| > 2,000 TRA | 16% | 36,902,000,000 TRA | Total | 36,902,000,000 TRA |
Debate
These messages have been posted to debate on this bill:
| Date | 19:33:35, July 07, 2006 CET | From |  Liberty Party | To | Debating the Income tax proposal of October 2250 |
| Message | This reduces the flat income tax rate from 19% to 16%. It also raises the starting threshold for income tax from 1430 to 2000TRA |
| Date | 19:47:18, July 07, 2006 CET | From | Liberty Party | To | Debating the Income tax proposal of October 2250 |
| Message | The effects of this change are as follows: For those with incomes of up to TRA1430 there will be no effect (already paying 0 tax); for those with incomes of TRA2500 they were paying 8% of their income in tax, will pay 3% of their income; for those with incomes of TRA5000 they were paying 14% of their income in tax, they will pay 10%; for those with incomes of TRA10000 they were paying 16% of their income and will now pay 13%; for those with incomes of TRA50000 they were paying 18% of their income and will now pay 15%. As can be seen, this tax policy will benefit ALL income tax payers and the benefits will be most felt by lower earners. |
| Date | 11:26:57, July 08, 2006 CET | From | Fasces Kromina Conservatives | To | Debating the Income tax proposal of October 2250 |
| Message | ok. Could we afford this? |
| Date | 11:28:07, July 08, 2006 CET | From | Fasces Kromina Conservatives | To | Debating the Income tax proposal of October 2250 |
| Message | I thought we could only lower a percent but maybe I have a bad memory or something like that |
| Date | 19:15:50, July 08, 2006 CET | From | Liberty Party | To | Debating the Income tax proposal of October 2250 |
| Message | We were sitting on a TRA13B surplus and we now have a TRA2B surplus. Plenty of wiggle room left. |
| Date | 21:34:59, July 09, 2006 CET | From | Fasces Kromina Conservatives | To | Debating the Income tax proposal of October 2250 |
| Message | Sweet |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 364 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 191 |
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