MA: Mideast Budget 2012 (Statute)

[tmthforu94]

Changing my vote on Amendment #2 to Aye if I still can

There aren't any amendments at a vote right now.  (Right? - Did I forget to close one?)

I think he might be referring to the gas tax.

[Grumpier Than Thou]

Changing my vote on Amendment #2 to Aye if I still can

There aren't any amendments at a vote right now.  (Right? - Did I forget to close one?)

I think he might be referring to the gas tax.

^^

[Queen Mum Inks.LWC]

That's it's own bill: https://uselectionatlas.org/FORUM/index.php?topic=160602.25

[tmthforu94]

I've done a considerable amount of thinking on the issue of a progressive income tax, and at the end of the day, I just can't support those increases. First, I don't think it'll be necessary, as I think we can find other ways to balance our budget without raising taxes, especially by that much. But raising taxes on the wealthy is also raising taxes on thousands of small businesses across our region, and put together with the corporate tax, I just feel this would stifle job growth.

Considering that there is already a pretty steep progressive tax on the national level (shown below), I have to agree with Inks and 20RP12 and I ask the Assembly to please consider establishing a flat tax. I could probably be swayed to also limit it to two tax brackets, if the left feels strongly about a higher rate for the rich.

Federal level:

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[Chancellor Tanterterg]

I've done a considerable amount of thinking on the issue of a progressive income tax, and at the end of the day, I just can't support those increases. First, I don't think it'll be necessary, as I think we can find other ways to balance our budget without raising taxes, especially by that much. But raising taxes on the wealthy is also raising taxes on thousands of small businesses across our region, and put together with the corporate tax, I just feel this would stifle job growth.

Considering that there is already a pretty steep progressive tax on the national level (shown below), I have to agree with Inks and 20RP12 and I ask the Assembly to please consider establishing a flat tax. I could probably be swayed to also limit it to two tax brackets, if the left feels strongly about a higher rate for the rich.

Federal level:

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[Grumpier Than Thou]

Yeah Federal Taxes are pretty ridiculous.

[Talleyrand]

Income Tax Rate:
1.5%    $0 - $13,000
3%    $13,001 - $180,000
4%    $180,001 - $750,000
5%    $750,001 - $2,750,000
6%   $2,750,001+
1.5%   Employer contributions to pensions

Corporate Tax Rate:

0.5%    $0 - $75,000  
1.5%    $75,001 - $350,000
3%    $350,001 - $10,000,000
3.5%    $10,000,001 - $20,000,000
4%    $20,000,001-$70,000,000
5%   $70,000,001+

Would these proposals be acceptable?

[Grumpier Than Thou]

^ X and Gass are gonna have heart attacks lol

[Queen Mum Inks.LWC]

Income Tax Rate:
1.5%    $0 - $13,000
3%    $13,001 - $180,000
4%    $180,001 - $750,000
5%    $750,001 - $2,750,000
6%   $2,750,001+
1.5%   Employer contributions to pensions

Corporate Tax Rate:

0.5%    $0 - $75,000  
1.5%    $75,001 - $350,000
3%    $350,001 - $10,000,000
3.5%    $10,000,001 - $20,000,000
4%    $20,000,001-$70,000,000
5%   $70,000,001+

Would these proposals be acceptable?

No.  No.  No.  No.  No.  No.  We need a FLAT tax rate.  That's the only thing that will balance this budget.  And we can set it at 5 or 6% and be good.

[Talleyrand]

Income Tax Rate:
1.5%    $0 - $13,000
3%    $13,001 - $180,000
4%    $180,001 - $750,000
5%    $750,001 - $2,750,000
6%   $2,750,001+
1.5%   Employer contributions to pensions

Corporate Tax Rate:

0.5%    $0 - $75,000  
1.5%    $75,001 - $350,000
3%    $350,001 - $10,000,000
3.5%    $10,000,001 - $20,000,000
4%    $20,000,001-$70,000,000
5%   $70,000,001+

Would these proposals be acceptable?

No.  No.  No.  No.  No.  No.  We need a FLAT tax rate.  That's the only thing that will balance this budget.  And we can set it at 5 or 6% and be good.

I would like at least two to four brackets, even if the main rates vary around 5 or 6%. People with millions have much more discretionary income than those making in the tens of thousand only, and therefore, it is perfectly reasonable to expect them to pay a higher tax burden than the less wealthy.

Income Tax Rate:
1.5%    $0 - $50,000
3%    $50,001 - $180,000

That's what I meant to put for those two brackets. D:

[Queen Mum Inks.LWC]

Income Tax Rate:
1.5%    $0 - $13,000
3%    $13,001 - $180,000
4%    $180,001 - $750,000
5%    $750,001 - $2,750,000
6%   $2,750,001+
1.5%   Employer contributions to pensions

Corporate Tax Rate:

0.5%    $0 - $75,000  
1.5%    $75,001 - $350,000
3%    $350,001 - $10,000,000
3.5%    $10,000,001 - $20,000,000
4%    $20,000,001-$70,000,000
5%   $70,000,001+

Would these proposals be acceptable?

No.  No.  No.  No.  No.  No.  We need a FLAT tax rate.  That's the only thing that will balance this budget.  And we can set it at 5 or 6% and be good.

I would like at least two to four brackets, even if the main rates vary around 5 or 6%. People with millions have much more discretionary income than those making in the tens of thousand only, and therefore, it is perfectly reasonable to expect them to pay a higher tax burden than the less wealthy.

Income Tax Rate:
1.5%    $0 - $50,000
3%    $50,001 - $180,000

That's what I meant to put for those two brackets. D:

The majority of state governments in America disagree with you.

[Queen Mum Inks.LWC]

A 5-6% flat tax rate is an accurate and reasonable goal.  What's wrong with that?

[Gass3268]

Here is my proposal:

0-30,000 0%
30,001-250,000 4%
250,001-1,000,000 6%
1,000,000+ 10%

The rich must pay their fair share back to the region

[Queen Mum Inks.LWC]

Here is my proposal:

0-30,000 0%
30,001-250,000 4%
250,001-1,000,000 6%
1,000,000+ 10%

The rich must pay their fair share back to the region

And why is "fair share" not 6%?  Shouldn't everyone pay their fair share?  Hence the "fair"?

[Gass3268]

s

Here is my proposal:

0-30,000 0%
30,001-250,000 4%
250,001-1,000,000 6%
1,000,000+ 10%

The rich must pay their fair share back to the region

And why is "fair share" not 6%?  Shouldn't everyone pay their fair share?  Hence the "fair"?

The poor shouldn't have to say the same as millionaires. I withdraw my proposal and support TexasDem's proposal if we is willing to chance the brackets and rates a little bit. 

[Queen Mum Inks.LWC]

They're not paying the same.  The millionares are paying much more than the poor.  But the proportion should be the same.

[Queen Mum Inks.LWC]

If I concede to vote for the immigration bill and the driving bill, will you concede to a flat tax rate for the region, a tax rate in line with most states representative of the Mideast in America?

[Chancellor Tanterterg]

Income Tax Rate:
1.5%    $0 - $13,000
3%    $13,001 - $180,000
4%    $180,001 - $750,000
5%    $750,001 - $2,750,000
6%   $2,750,001+
1.5%   Employer contributions to pensions

Corporate Tax Rate:

0.5%    $0 - $75,000  
1.5%    $75,001 - $350,000
3%    $350,001 - $10,000,000
3.5%    $10,000,001 - $20,000,000
4%    $20,000,001-$70,000,000
5%   $70,000,001+

Would these proposals be acceptable?

No.  No.  No.  No.  No.  No.  We need a FLAT tax rate.  That's the only thing that will balance this budget.  And we can set it at 5 or 6% and be good.

I would like at least two to four brackets, even if the main rates vary around 5 or 6%. People with millions have much more discretionary income than those making in the tens of thousand only, and therefore, it is perfectly reasonable to expect them to pay a higher tax burden than the less wealthy.

Income Tax Rate:
1.5%    $0 - $50,000
3%    $50,001 - $180,000

That's what I meant to put for those two brackets. D:

I really don't want to eliminate brackets.  But I would be willing to agree to smaller increases (especially for some of the lower and mid-income brackets).  Although some of the higher-income bracket rates are a bit too low.  Still, with some adjustments and the return of all currently existing brackets, I am certain that there is a compromise to be made here.  Thoughts?

[Chancellor Tanterterg]

If I concede to vote for the immigration bill and the driving bill, will you concede to a flat tax rate for the region, a tax rate in line with most states representative of the Mideast in America?

Unfortunately Mr. Speaker, I am going to have to reject this proposal.  We already have a majority on the immigration bill and the driving bill isn't that big an issue, for me at least.  Agreeing to a flat-tax would be a huge concession (at least for me) and the concessions should be proportional

[Gass3268]

I agree with Mr. X

[Talleyrand]

I will not be supporting a flat tax. While I can accept reducing the amount of brackets, and allowing some increases on lower and middle income citizens to reduce the discrepancies in the tax rates, a progressive taxation system should remain, in some form.

We could potentially base tax rates per bracket around 4-7% for all groups each besides those making below $50,000 or lower as an acceptable compromise. I do want to see a budget passed, preferably balanced, but a concession of the magnitude the Speaker would like is unacceptable.

[Chancellor Tanterterg]

I will not be supporting a flat tax. While I can accept reducing the amount of brackets, and allowing some increases on lower and middle income citizens to reduce the discrepancies in the tax rates, a progressive taxation system should remain, in some form...

...I do want to see a budget passed, preferably balanced, but a concession of the magnitude the Speaker would like is unacceptable.

This.

[tmthforu94]

I'm willing to take a small progressive tax, with possibly only 2 or 3 brackets (though I prefer a flat tax). But I can't let it get too progressive - I don't too see too much of an increase, as the rich are already paying a pretty substantial tax rate from the federal government. I feel it'd be counterproductive.

We'll have to find some middle ground here, folks, as no one has a majority on this bill.

[Chancellor Tanterterg]

I'm willing to take a small progressive tax, with possibly only 2 or 3 brackets (though I prefer a flat tax). But I can't let it get too progressive - I don't too see too much of an increase, as the rich are already paying a pretty substantial tax rate from the federal government. I feel it'd be counterproductive.

We'll have to find some middle ground here, folks, as no one has a majority on this bill.

What if we only had increases for the top three highest-income brackets (corporate and income), kept the other rates the same, and didn't reduce the number of brackets?

[Gass3268]

I'm willing to take a small progressive tax, with possibly only 2 or 3 brackets (though I prefer a flat tax). But I can't let it get too progressive - I don't too see too much of an increase, as the rich are already paying a pretty substantial tax rate from the federal government. I feel it'd be counterproductive.

We'll have to find some middle ground here, folks, as no one has a majority on this bill.

What if we only had increases for the top three highest-income brackets (corporate and income), kept the other rates the same, and didn't reduce the number of brackets?

I would go with that idea