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Bill: Tax proposal of December 2384
Details
Submitted by[?]: Party of Moderates
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: December 2385
Description[?]:
| The Party of Moderates propose to adjust the government's tax policy to better address the economic situation of the Republic of Aldegar. These proposals will increase equality within Aldegar and make it so that all its people contribute to the nation. To offset the effects upon the poor, the sales tax has also been decreased. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 50
Proposed: 0
Article 2
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 |
| > 100 ACR | 2% | 447,000,000 ACR |
| > 500 ACR | 4% | 1,118,000,000 ACR |
| > 1,000 ACR | 10% | 5,589,000,000 ACR |
| > 2,000 ACR | 14% | 41,049,000,000 ACR | Total | 48,203,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 23:29:29, April 05, 2007 CET | From | Aldegarian Libertarian Socialist Party | To | Debating the Tax proposal of December 2384 |
| Message | If the ALSP should suggest a new tax bracket setup we would remove or reduce the tax for anyone with less then 8 000 ACR and shift all the tax loss over on the people with more then 8 000 ACR. There have also been a debate in the party regarding whether 100% or more taxation of people with more then 50 000 ACR is acceptable. Regarding article 1 our answer is no. |
| Date | 23:40:39, April 05, 2007 CET | From | Party of Moderates | To | Debating the Tax proposal of December 2384 |
| Message | Well, it's sort of impossible to tax anyone with over 50,000 crowns in income because there is no one with 50,000 crowns of income. In fact, the richest person in Aldegar has an income of 20,000. If you don't believe me, play with the figures yourself. Most of our people are very poor. Just looking at this tax bracket will tell you that. After all, look at how a taxation of 2% on those who have an income between 101 and 500 yields 545 million crowns. If you were to assume for arithmetic purposes that everyone there has an income of 300, that is a taxation of 6 crowns per person. 545,000,000 divided by 6 equals approximately 91,000,000. 91,000,000 people of Aldegar's 120,000,000 people, 3/4 of all the people, have an income between 101 and 500. It shows that there needs to be some serious economic stimulation. Low taxes and the other programs that the PM, ALP, and TCP have suggested are necesary for economic reform. A relatively flat tax rate can also help persuade wealthy, successful people to move to Aldegar and start up businesses and other things to stimulate the economy. |
| Date | 23:56:19, April 05, 2007 CET | From | Party of Moderates | To | Debating the Tax proposal of December 2384 |
| Message | As to sales tax, we added that for two reasons. The first was because of how the sales tax can harm our poor citizenry. With the sales tax being a regressive tax, we felt it would be a good idea replacing the revenue from it with a progressive tax. The second reason is because of how it can hurt industry. When the sales tax is high, it strongly effects the price of goods by adding an extra cost. Not to mention, that cost is applied to all the materials needed to make a product, further increasing the cost of the product. When costs of goods are increased, people buy less of them. When people buy less stuff, the economy suffers. |
| Date | 04:28:09, April 06, 2007 CET | From | Aldegar Freedom Party | To | Debating the Tax proposal of December 2384 |
| Message | The TCP vehemently supports the nulification of sales tax. As for the PM's proposals in regards to income tax, the proposed figures are relatively fair and the TCP should be inclined to support this bill. The TCP would like to see a flat rate tax in future, but for now, these figures are a very good start. The TCP supports. |
| Date | 10:35:57, April 07, 2007 CET | From | Aldegarian Libertarian Socialist Party | To | Debating the Tax proposal of December 2384 |
| Message | Wrong diagnose and wrong medicin. And you got us wrong if you think we want anyone with 50 000 crowns in income. The debat in our party has been regarding baning that kind of sallery altogether but as there little point in spending money on jailing them it's better to tax them with 100% tax. |
| Date | 02:06:08, April 08, 2007 CET | From | Party of Moderates | To | Debating the Tax proposal of December 2384 |
| Message | May we ask why the salary should be banned? It's their money. As long as they pay their taxes with it, what business is it of the state to ban them from having it? Also, why would you want to make those people completely broke? Anyway, the idea is a little useless since the highest salary in Aldegar is 20,000 crowns. |
| Date | 03:00:39, April 08, 2007 CET | From | S.C.A.F.R. | To | Debating the Tax proposal of December 2384 |
| Message | You can't. You aren't the minister of finance. This is ridicoulus. |
| Date | 03:52:40, April 08, 2007 CET | From | Party of Moderates | To | Debating the Tax proposal of December 2384 |
| Message | Apparently this isn't just a potential duty of the ministry of finance. After all, any other party can make the proposal. So, apparently, any party can make proposals for the budget. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 162 | ||||
| no | Total Seats: 160 | ||||
| abstain |
Total Seats: 306 |
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