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Bill: Income tax proposal of October 2329
Details
Submitted by[?]: Unwritten Future Collective
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 2330
Description[?]:
| The Unwritten Future Collective propose to adjust the government's income tax policy to better address the economic situation of the Republic of Egelion. |
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 EGP | 3% | 3,342,000,000 EGP |
| > 7,000 EGP | 6% | 5,910,000,000 EGP |
| > 9,000 EGP | 9% | 7,267,000,000 EGP |
| > 11,000 EGP | 12% | 7,729,000,000 EGP |
| > 13,000 EGP | 15% | 7,655,000,000 EGP |
| > 15,000 EGP | 18% | 7,188,000,000 EGP |
| > 17,000 EGP | 21% | 10,370,000,000 EGP |
| > 20,000 EGP | 23% | 9,145,000,000 EGP |
| > 23,000 EGP | 26% | 7,990,000,000 EGP |
| > 26,000 EGP | 28% | 5,145,000,000 EGP |
| > 29,000 EGP | 30% | 5,832,000,000 EGP |
| > 34,000 EGP | 33% | 4,247,000,000 EGP |
| > 39,000 EGP | 36% | 417,000,000 EGP |
| > 40,000 EGP | 38% | 880,000,000 EGP |
| > 42,000 EGP | 40% | 1,852,000,000 EGP |
| > 46,000 EGP | 44% | 1,563,000,000 EGP | Total | 86,532,000,000 EGP |
Debate
These messages have been posted to debate on this bill:
| Date | 00:42:50, December 16, 2006 CET | From | Unwritten Future Collective | To | Debating the Income tax proposal of October 2329 |
| Message | "Alright, so to show you guys what good this does for the equality of Egelion, I took much time out to show you how closely represented this will make all people, and will lower the Gini Coefficient, and will give us 154.3% higher revenues from income tax. So here's a complex layout: The income on the very left, the amount taxed from them in the center, and what is left over on the right. -$5000|$150|$4850| -$7000|$420|$6580| -$9000|$810|$8190| -$11000|$1320|$9680| -$13000|$1950|$11050| -$15000|$2700|$12300| -$17000|$3570|$13430| -$20000|$4600|$15400| -$23000|$6900|$16100| -$26000|$7280|$18720| This is a sample of what it will be like, with my new income tax resolution. This Brings up over $32,000,000,000 to be put towards spending! This means we can provide our citizens with items they never thought that they'd be able to see! With this amount of money devided up amongst 13 different departments we will be able to increase each branch of the cabinet by over 2,500,000,000! With our other two proposals we will be able to increase spending intensely, and still keep quite the surplus. Our economy will boom. |
| Date | 00:43:29, December 16, 2006 CET | From | Unwritten Future Collective | To | Debating the Income tax proposal of October 2329 |
| Message | I mean our other bill (The Corporation tax) |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 440 | ||||
| no |
Total Seats: 159 | ||||
| abstain | Total Seats: 100 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "We're the first society in history with the option of living in a world without poverty. The fact poverty still exist says more about our political leaders than I can." - Clint Borgen |