Northeast Assembly Thread

[Free Palestine]

My opinion:

[Senator Napoleon]

My opinion:

Why?

[Cincinnatus]

The Northeast Revenue Act of 2012

A BILL to implement a tax code into the 2012 budget

Section 1.) Corporate Tax rates shall be as follows

Corporate Taxes, Income
0%   $0 - $10,000
2%   $10,000 - $50,000
4%   $50,000 - $75,000
5%   $75,000 - $100,000
7%   $100,000 - $335,000
9%   $335,000 - $10,000,000
11%   $10,000,000 - $15,000,000
12%   $15,000,000 +

Section 2.) Income Tax rates shall be as follows

Income Taxes, Single Individual
0%   $0 - $9,500
2%   $9,501 - $35,000
3%   $35,001 - $80,000
5%   $80,001 - $170,000
6%   $170,001 - $367,700
7%   $367,701 - $1,000,000
9%   $1,000,001 - $2,500,000
11%   $2,500,001 +

Section 3.) All tax rates in this bill shall expire at the start of the next fiscal year.

Another possibility.

This makes much more sense.  I'm glad we're not talking about 20 and 30% anymore.  To quote a certain Representative, the original proposal was rather batsh**t insane.

My opinion:

Not all of them, just a higher percentage.

[Governor Scott]

I amend this bill to read the following.

The Northeast Revenue Act of 2012

A BILL to implement a tax code into the 2012 budget

Section 1.) Corporate Tax rates shall be as follows

Corporate Taxes, Income
0%   $0 - $10,000
2%   $10,000 - $50,000
4%   $50,000 - $75,000
5%   $75,000 - $100,000
7%   $100,000 - $335,000
9%   $335,000 - $10,000,000
11%   $10,000,000 - $15,000,000
12%   $15,000,000 +

Section 2.) Income Tax rates shall be as follows

Income Taxes, Single Individual
0%   $0 - $9,500
2%   $9,501 - $35,000
3%   $35,001 - $80,000
5%   $80,001 - $170,000
6%   $170,001 - $367,700
7%   $367,701 - $1,000,000
9%   $1,000,001 - $2,500,000
11%   $2,500,001 +

Section 3.) All tax rates in this bill shall expire at the start of the next fiscal year.

The amendment is friendly and the amendment is adopted.

[Governor Scott]

Debate time has expired.  Members will now cast their votes on passage of the legislation.  This will be a 24-hour vote.

The Northeast Revenue Act of 2012

A BILL to implement a tax code into the 2012 budget

Section 1.) Corporate Tax rates shall be as follows

Corporate Taxes, Income
0%   $0 - $10,000
2%   $10,000 - $50,000
4%   $50,000 - $75,000
5%   $75,000 - $100,000
7%   $100,000 - $335,000
9%   $335,000 - $10,000,000
11%   $10,000,000 - $15,000,000
12%   $15,000,000 +

Section 2.) Income Tax rates shall be as follows

Income Taxes, Single Individual
0%   $0 - $9,500
2%   $9,501 - $35,000
3%   $35,001 - $80,000
5%   $80,001 - $170,000
6%   $170,001 - $367,700
7%   $367,701 - $1,000,000
9%   $1,000,001 - $2,500,000
11%   $2,500,001 +

Section 3.) All tax rates in this bill shall expire at the start of the next fiscal year.

[Governor Scott]

Aye.

[Free Palestine]

I'm afraid I will have to vote nay.  It was better when the freakishly rich payed 30%.

[Cincinnatus]

Aye

I'm afraid I will have to vote nay.  It was better when the freakishly rich payed 30%.

So 30% in addition to the 60% they already pay federally IIRC?

[Governor Scott]

I love it when people wait for the actual voting period to say why they're against something.

[Free Palestine]

So 30% in addition to the 60% they already pay federally IIRC?

YEP

Actually, they should pay 60% in regional taxes.  That's 120% of their income!  We'll tax them so hard they won't be able to sit down for a week.

[crypto-fascist superhero]

This plan imposes taxes even higher than the plan proposed by Jerseyrules, a plan that Napoleon, the Liberal Party candidate for governor, has attacked as taxing Northeast citizens far too high.  I vote nay on this extremist proposal.

[Governor Scott]

So 30% in addition to the 60% they already pay federally IIRC?

YEP

Actually, they should pay 60% in regional taxes.  That's 120% of their income!  We'll tax them so hard they won't be able to sit down for a week.

This is stupid.

[Jerseyrules]

Nay nay nay nay nay nay giddyup horsey!

[Governor Scott]

Voting time has expired.  The ayes are two, nays are three, abstentions are zero, and non-voting members are zero.  The bill fails.

The Assembly will now consider the legislation introduced by the gentleman from New York.  Debate will be for 48 hours.

If your income range is between $0 and $10,000, your tax rate on every dollar of income earned is 1%.
If your income range is between $10,000 and $20,000, your tax rate on every dollar of income earned is 2%.
If your income range is between $20,000 and $25,000, your tax rate on every dollar of income earned is 4%.
If your income range is between $25,000 and $35,000, your tax rate on every dollar of income earned is 6%.
If your income range is between $35,000 and $50,000, your tax rate on every dollar of income earned is 8%.
If your income range is between $50,000 and $1,000,000, your tax rate on every dollar of income earned is 9%.
If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10%.

All rates indexed to inflation, so as to avoid the poor being forced into higher brackets in the future.  Reminding that this is in addition to federal taxation

[Governor Scott]

I will be voting against this.

[Senator Napoleon]

Taxing $35,000 at 8%? Lol

[Cincinnatus]

Taxing $35,000 at 8%? Lol

Everyone has to pay their fair share, remember?  That's why those making millions of dollars are only paying 2% more, of course.

[Jerseyrules]

Taxing $35,000 at 8%? Lol

Everyone has to pay their fair share, remember?  That's why those making millions of dollars are only paying 2% more, of course.

This is actually better than RL California rates FTW.  At any rate, I think that while these rates are too high, they are preferable to the current rates, and I motion that debate should be extended so we may discuss this further.

[Jerseyrules]

Taxing $35,000 at 8%? Lol

Let's see your proposal, Senator.  Rates and numbers, exactly.

[Governor Scott]

Taxing $35,000 at 8%? Lol

Everyone has to pay their fair share, remember?  That's why those making millions of dollars are only paying 2% more, of course.

This is actually better than RL California rates FTW.  At any rate, I think that while these rates are too high, they are preferable to the current rates, and I motion that debate should be extended so we may discuss this further.

What current rates?  We have no tax code.

I will need the specific amount of time you would like added for me to consider.  Seeing as how there has been little commentary on this so far, I would be very reluctant to grant any requests to extend debate time.  More than likely, any additional time we spend on this bill will not be used.

[Governor Scott]

Debate time has expired.  Members will now cast their votes on passage of the legislation.  This will be a 24-hour vote.

If your income range is between $0 and $10,000, your tax rate on every dollar of income earned is 1%.
If your income range is between $10,000 and $20,000, your tax rate on every dollar of income earned is 2%.
If your income range is between $20,000 and $25,000, your tax rate on every dollar of income earned is 4%.
If your income range is between $25,000 and $35,000, your tax rate on every dollar of income earned is 6%.
If your income range is between $35,000 and $50,000, your tax rate on every dollar of income earned is 8%.
If your income range is between $50,000 and $1,000,000, your tax rate on every dollar of income earned is 9%.
If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10%.

All rates indexed to inflation, so as to avoid the poor being forced into higher brackets in the future.  Reminding that this is in addition to federal taxation

[Governor Scott]

Nay.

[crypto-fascist superhero]

Nay.

[Cincinnatus]

Nay.

[Jerseyrules]

Nay