Pacific Legislature Official Thread

[Jackson]

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What is the current regional tax rate?

[Jackson]

Give and You Shall Receive Act: Aye
Pacific Representation Act: Aye

[Jackson]

Sustainable Pacifican Cities Bill: Aye
Oceania Incorporation Bill: Aye
(P.S. If no-one is currently serving as Pacific justice, could I volunteer for the position?)

[Jackson]

Yes, we must.

[Jackson]

x Jackson

I see no problem with this sensible legislation. Support.

[Jackson]

Aye to all.

[Jackson]

Knowing our legislature, never.

[Jackson]

Mandatory Murder of Kittens Act of 2011 anyone?

[Jackson]

I agree.

[Jackson]

Where is everyone?

[Jackson]

Tobacco Public Health and Safety Bill - Aye
Handgun Phase Out Bill - Nay
Guaranteed Minimum Income Bill - Aye
Tobacco Marketing Regulation Bill - Aye

[Jackson]

*hides from rest of the Pacific*

[gives hug of reassurance]

[Jackson]

Still technically one day open for voting, however the results so far are as follows-

Tobacco Public Health and Safety Bill-3 ayes, 2 nays

Handgun Phase Out Bill-2 ayes, 2 nays, 1 abstain

Guaranteed Minimum Income Bill-4 ayes, 1 abstain

Tobacco Marketing Regulation Bill-4 ayes, 1 nay

All bills pass with the exception of the Handgun Phase Out Bill.

[Jackson]

Where is everyone?

[Jackson]

I think we need to go on a recruiting drive for our region. But how to do it?

[Jackson]

48.5 actually.

Edit: I signed all of the above bills into law with the exception of the Handgun Phase Out Bill, which failed to gain enough votes to pass, in case anyone wanted to know.

[Jackson]

It's fine. Besides I am generally supportive of this legislation, but I would want to see what the others have to say.

[Jackson]

That is an acceptable compromise, except we apparently only have three tax brackets,

0-300,000 ( 0%)

300-50,000,000 ( 3%)

50,000,000 (48.5%)

I think we should do a total re-write of the tax code if we are going to lower the tax rates on the wealthiest Pacificans.
 

[Jackson]

Yeah, these tax brackets look pretty silly... How is it possible to go from 3% to 48 ?

The legislature never bothered to create a tax code, but passed laws creating a tax bracket on 50,000,000+ at 40%, and then raised that to 48.5 percent, and also raised taxes 3% on a previously uncreated tax bracket of 300,000+, thus causing the current dilemma.

How about this?:


0-30,000 (0%)

30,000-100,000 (3%)

100,000-1,000,000 (5%)

1,000,000-10,000,000 (10%)

10,000,000-49,999,999 (15%)

50,000,000+ (30%)

I think I can support these tax brackets, but I need to see if the rest of the legislature agrees first.

[Jackson]

I would be fine with taxing gambling, but not necessarily restricting it.

[Jackson]

Is someone going to draft a bill for the new tax law so I can sign it into law?

[Jackson]

no don't

[Jackson]

Would you like to offer an amendment to raise the effective rate, Antonio?

[Jackson]

Income Tax Reform Bill

1. Effective FY 2013, all regional income taxes shall be abolished and replaced with the following brackets:
a. 0% on all income earned from 0-29,999
b. 1% on all income earned from 30,000-49,999
c. 3% on all income earned from 50,000-99,999
d. 5% on all income earned from 100,000-999,999
e. 10% on all income earned from 1,000,000-9,999,999
f. 15% on all income earned from 10,000,000-49,999,999
g. 30% on all income earned from 50,000,000-99,999,999
h. 50% on all income earned past 99,999,999
                                -------------------------------------------------------
Here is the new bill.

Does anyone have any further comments/concerns on the proposed legislation?

[Jackson]

I think it would be okay for you to vote on the legislation, as no particular length of time was specified for debate when the bill was put forward.