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Author Topic: Fiscal Responsibility Bill [On President's Desk]  (Read 9789 times)
Marokai Backbeat
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« Reply #75 on: November 30, 2009, 11:11:25 pm »

Vepres made a valid point, education cost is making than it is harder for lower classes to climb the social ladder.

But his solution, my God, it sounds like.. like.. So-, Soc-, Socialism. Cry
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Vepres
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« Reply #76 on: November 30, 2009, 11:39:58 pm »

Vepres made a valid point, education cost is making than it is harder for lower classes to climb the social ladder.

But his solution, my God, it sounds like.. like.. So-, Soc-, Socialism. Cry

I'm not as Republican as you think I am Wink

Marokai, let's agree to disagree so you can get on to your usual multi-page argument with NCYankee Tongue
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afleitch
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« Reply #77 on: December 01, 2009, 05:55:46 am »

Okay. Well that was 5 pages of fun wasn't it Tongue

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.
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Marokai Backbeat
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« Reply #78 on: December 01, 2009, 06:00:58 am »

Okay. Well that was 5 pages of fun wasn't it Tongue

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.

I tried very hard to address you and Franzl's concerns, and was hoping I could have both of your backing, and I'm very happy that this bill has that. Thank you both very much.
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Јas
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« Reply #79 on: December 01, 2009, 06:36:25 am »

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.
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Franzl
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« Reply #80 on: December 01, 2009, 06:57:12 am »

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?

I suppose we could change the wording Smiley
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Јas
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« Reply #81 on: December 01, 2009, 07:03:40 am »

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?

Yeah, pretty much - subject to exceptions for incest, bigamy, etc...

I suppose we could change the wording Smiley

Yeah, but nonetheless I'd be grateful if Senators could discuss a bit why civil unions should be tax incentivised.
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Franzl
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« Reply #82 on: December 01, 2009, 07:08:22 am »

Yeah, but nonetheless I'd be grateful if Senators could discuss a bit why civil unions should be tax incentivised.

Respectfully, I don't feel that they are. All it does is allow both members of a civil union to earn the same amount as if they were single. If that weren't allowed, I would feel that we would be punishing civil unions.

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« Reply #83 on: December 01, 2009, 07:54:39 am »

I was waiting on the GM's professional opinion to comment more on this bill since I'm not too well read in tax policy or economics, but I'm happy with the GM's analysis and I think this bill does offer a fine solution to the deficit.

Full support.
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"Hay reiteradas denuncias de que las grabaciones las hizo la agencia Británica MI 6 amigos de Juán Manuel Santos. Autoridades extranjeras en una treta en mi contra"
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Vepres
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« Reply #84 on: December 01, 2009, 02:46:57 pm »

Okay. Well that was 5 pages of fun wasn't it Tongue

Lets pull back a bit and remember this is Atlasia. For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

This system is designed to play to the strengths and weaknesses in Atlasia and in its current tax system. The GM reports it would raise revenue - check. It maintains 0% taxation for the poorest that we have had for 2 years - check. It allows us to balance the costs of our extended welfare system and hopefully pay down some debt - check. I can't oppose this bill because it adresses what Atlasia needs (and Atlasia is a vastly different place from America)

It has my support.

I was waiting on the GM's professional opinion to comment more on this bill since I'm not too well read in tax policy or economics, but I'm happy with the GM's analysis and I think this bill does offer a fine solution to the deficit.

Full support.

*Rips hair out* Gahhh! All that debating for nothing Cry
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Vepres
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« Reply #85 on: December 01, 2009, 02:52:01 pm »

Quote
For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki Smiley
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Franzl
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« Reply #86 on: December 01, 2009, 02:53:23 pm »

Quote
For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki Smiley

The "Help Atlasia Study Act" that I proposed did provide subsidies for higher education.
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Vepres
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« Reply #87 on: December 01, 2009, 02:59:45 pm »

Quote
For example the whole argument about education costs being prohibitive (while valid in reality) is not particularly relevant as education in Atlasia has been made subsidised and affordable in a previous bill (partly thanks to a small tax increase)

Link please, I couldn't find anything subsidizing higher education on the wiki Smiley

The "Help Atlasia Study Act" that I proposed did provide subsidies for higher education.

Ah, I was searching "education" and "scholarships". Thanks Smiley
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Alexander Hamilton
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« Reply #88 on: December 01, 2009, 04:29:01 pm »

I'm interested in the separate provisions for tax rates for marrieds.

I'm not greatly inclined towards having tax incentives for marriage anyway but I raise the point particularly because, so far as I thought, Atlasia doesn't recognise marriage.

I believe Atlasia issues civil unions to any two adults, right?


Why only two?

Someone needs to change this.
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people suck
Marokai Backbeat
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« Reply #89 on: December 01, 2009, 04:30:33 pm »

I believe I can change the wording without a formal amendment as PPT, so that's not a problem.
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Marokai Backbeat
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« Reply #90 on: December 01, 2009, 05:53:43 pm »

I think it's time for the final vote, we've gone as far in debate as we're going to do, I think.

I hereby open up a final vote on the following bill. Please vote Aye, Nay, or Abstain.

Quote
Fiscal Responsibility Act

Realizing that our rising budget deficit can not be left unattended indefinitely, the fundamental unfairness of our outdated income tax rates, and that we must make efforts to become more fiscally responsible, the Senate hereby authorizes the following comprehensive changes to our income tax system:

1. The following income tax brackets shall replace existing brackets for income gained in 2010 and thereafter, increasing as normal with inflation:

Single Individual

0%$0 - $8,025
14%$8,026 - $32,550
25%$32,551 - $78,850
28%$78,851 - $164,550
35%$164,551 - $367,700
41%$367,701 - $1,000,000
50%$1,000,001 - $2,500,000
60%$2,500,001+

Civil Partners Filing Jointly

0%$0 - $16,050
14%$16,051 - $65,100
25%$65,101 - $131,450
28%$131,451 - $300,300
35%$300,301 - $600,000
41%$600,001 - $1,500,000
50%$1,500,001 - $3,000,000
60%$3,000,001+

Civil Partners Filing Separately

0%$0 - $8,025
14%$8,026 - $32,550
25%$32,551 - $65,725
28%$65,726 - $150,150
35%$150,151 - $300,000
41%$300,001 - $750,000
50%$740,001 - $1,500,000
60%$1,500,001+

Head of Household

0%$0 - $11,450
14%$11,451 - $43,650
25%$43,651 - $112,650
28%$112,651 - $182,400
35%$182,401 - $367,700
41%$367,701 - $1,000,000
50%$1,000,001 - $2,500,000
60%$2,500,001+

2. The standard income tax deduction shall be raised from $5,700 to $7,000, to better care for lower income individuals and the working class of Atlasia.


One of the strongest AYEs I've ever cast in this body.
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Franzl
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« Reply #91 on: December 01, 2009, 05:56:29 pm »

AYE, and this isn't hard to support for a true fiscal conservative.
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afleitch
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« Reply #92 on: December 01, 2009, 06:05:27 pm »

Aye.

And may I remind the Senate if this passes there is no mandate to go on a spending spree Wink Otherwise fear my diminishing wrath Tongue
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Hash
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« Reply #93 on: December 01, 2009, 06:11:20 pm »

AYE
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"Hay reiteradas denuncias de que las grabaciones las hizo la agencia Británica MI 6 amigos de Juán Manuel Santos. Autoridades extranjeras en una treta en mi contra"
-Álvaro Uribe, 25 July 2018
President North Carolina Yankee
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« Reply #94 on: December 01, 2009, 07:02:06 pm »

NAY
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President of the Atlasian Republic


"A majority held in restraint by constitutional checks and limitations, and always changing easily with deliberate changes of popular opinions and sentiments, is the only true sovereign of a free people." - Lincoln's First Inaugural Address, emphasis mine.
Fritz
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« Reply #95 on: December 01, 2009, 07:16:07 pm »

Aye
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Rowan
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« Reply #96 on: December 01, 2009, 07:48:53 pm »

Nay
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MaxQue
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« Reply #97 on: December 02, 2009, 02:24:20 am »

Aye
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Marokai Backbeat
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« Reply #98 on: December 02, 2009, 02:45:11 am »

This bill is now passing. 24 hours to change votes.
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tmthforu94
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« Reply #99 on: December 02, 2009, 09:11:07 am »

Nay
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