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Bill: Income Tax Reduction Act
Details
Submitted by[?]: United 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: August 2257
Description[?]:
| The United Liberty Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Cobura. |
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 |
| > 5,000 COB | 13% | 24,965,000,000 COB |
| > 10,000 COB | 23% | 24,927,000,000 COB |
| > 20,000 COB | 33% | 5,484,000,000 COB |
Total | 55,376,000,000 COB |
Debate
These messages have been posted to debate on this bill:
| Date | 16:27:20, July 19, 2006 CET |
From |  United Liberty Party | To | Debating the Income Tax Reduction Act | | Message | This bill eliminates the income tax burden on our poorest citizens, allowing them to save their money and improve their lives. The bill also reduces by 2% the tax burden on every other citizen. The bill maintains the progressive nature of our income tax, and it also will result in a surplus. |
| Date | 20:03:22, July 19, 2006 CET |
From | United Liberty Party | To | Debating the Income Tax Reduction Act | | Message | As I mentioned already, this bill will maintain a surplus in the national budget. There is currently a HUGE surplus. This bill affects revenue, not spending. Spending will remain at the same levels as current. |
| Date | 03:19:25, July 20, 2006 CET |
From | United Liberty Party | To | Debating the Income Tax Reduction Act | | Message | What?! No!
Currently, people making >2500 (greater than 2500) pay 5%. People making less than 2500 pay nothing. Under my proposed change, people making less than 2500 would still pay nothing, and people making less than 5000 would pay nothing. This honestly improves the situation of the poor. Read the budget again, slowly, and you'll see that I am correct. |
| Date | 03:26:52, July 20, 2006 CET |
From | Cobura National Socialist Party | To | Debating the Income Tax Reduction Act | | Message | Yeah I just realized that as I was making a counter bill. Believe it or not I have a freaking engineering degree and my Professional License. My bad. Hitler was never good at math. |
| Date | 03:29:14, July 20, 2006 CET |
From | Cobura National Socialist Party | To | Debating the Income Tax Reduction Act | | Message | The best thing is I'm going to be unemployed as of Friday and monday start working for a company that designs and builds aquatic centers, water parks and such. It should be so much better than looking at freaking roads, bridges and the like. |
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| Vote |
Seats |
| yes | Total Seats: 295 |
| no | Total Seats: 80 |
| abstain | Total Seats: 125 |
| Random fact: "OOC", "IC" and "IG" are commonly-used acronyms in Particracy. "OOC" refers to comments, discussions and actions which are out-of-character, meaning they are done player-to-player rather than party-to-party. "IC" refers to in-character interactions (ie. party-to-party). Similarly, "IG" means in-game, although this term may also simply refer to what happens in the actual game interface, as opposed to on the forum or elsewhere. "RP" just means "role-play". |
| Random quote: "Zardugal. . . very successfully almost managed to implement democracy on a global scale, a millennia ago. With a seat in the Security Council we can do it again." - Phoebe Ĥoniato, former Zardic politician |