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Bill: Income tax proposal of April 2359
Details
Submitted by[?]: Independent Capitalist Party
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: December 2359
Description[?]:
| The Independent Capitalist Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 300 ALO | 10% | 50,596,000,000 ALO | Total | 50,596,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 05:28:45, February 13, 2007 CET | From | Independent Capitalist Party | To | Debating the Income tax proposal of April 2359 |
| Message | We need no brackets, it is unfair on the rich and leads to an abuse of loopholes to try to lower yourself a bracket. You still tax more of the rich by taxing the same percent as they make more money in the first place. We don't need much taxation - we need to cut waste. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 335 | |||
| no |
Total Seats: 125 | |||
| abstain | Total Seats: 140 |
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