Eternity RPC Board
02-08-2017, 11:02 PM
Astrad Johannesson - NL
I am glad to see this plan on the floor of the Assembly; it is a long overdue correction to an oversight that should have been corrected years ago.
My only concern is, why is this act so limited? While we are talking about "helping poor and working families," why have we not rolled back the strangling tax "reforms" instituted under President Morgen? Tax rates across all aspects of society have effectively doubled over those last seen before even the Harrow plan was implemented., and the strain has caused massive cuts in private spending as people and companies not only take home less to spend, but also save more of what little they do have out of fear and hedging against future uncertainties.
I understand that additional revenues are needed to keep Nyland from acquiring debt while tackling the administration's planned programs and reforms, but the Morgen tax plan was a grave overstep that's shocked the nation onto the precipice of a recession. If we're really intent on being advocates for the "good of the common man," then we need to roll back the income tax burden that is crippling family finances and consider modest, reasonable increases from there to meet actual needs as they arise.
As a matter of fact, for your consideration, I would like to propose the following amendment:
I am glad to see this plan on the floor of the Assembly; it is a long overdue correction to an oversight that should have been corrected years ago.
My only concern is, why is this act so limited? While we are talking about "helping poor and working families," why have we not rolled back the strangling tax "reforms" instituted under President Morgen? Tax rates across all aspects of society have effectively doubled over those last seen before even the Harrow plan was implemented., and the strain has caused massive cuts in private spending as people and companies not only take home less to spend, but also save more of what little they do have out of fear and hedging against future uncertainties.
I understand that additional revenues are needed to keep Nyland from acquiring debt while tackling the administration's planned programs and reforms, but the Morgen tax plan was a grave overstep that's shocked the nation onto the precipice of a recession. If we're really intent on being advocates for the "good of the common man," then we need to roll back the income tax burden that is crippling family finances and consider modest, reasonable increases from there to meet actual needs as they arise.
As a matter of fact, for your consideration, I would like to propose the following amendment:
Quote:Section 1: Individual Income Tax Rates Reform
I. All individual income falling between the range $0 - $50,000 will have an income tax of 0%.
II. All individual income falling between the range $50,001 - $125,000 will have an income tax of 5%.
III. All individual income falling between the range $125,001 - $200,000 will have an income tax of 12%.
IV. All individual income falling between the range $200,001 - $398,000 will have an income tax of 18%.
V. All individual income falling between the range $398,001 - $425,000 will have an income tax of 25%.
VI. All individual income of $425,001 or more will have an income tax of 30%.