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Bill: Income Tax Reduction Act of 2413
Details
Submitted by[?]: Moderate Libertarian Party (NoCoalition)
Status[?]: defeated
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: March 2414
Description[?]:
The Moderate Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. This bill will lower tax rates for all 3 brackets. The largest cut will be for those making under 1,000 ALOs per year. |
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 |
> 1,000 ALO | 2% | 4,580,000,000 ALO |
> 5,000 ALO | 5% | 7,418,000,000 ALO |
> 10,000 ALO | 7% | 6,215,000,000 ALO | Total | 18,213,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
Date | 22:59:37, June 05, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Income Tax Reduction Act of 2413 |
Message | We support. It will give a break to the middle and lower class again and FINALLY give a break to the rich who deserve it just as much as anybody. |
Date | 00:11:53, June 06, 2007 CET | From | Fair Capitalism Party | To | Debating the Income Tax Reduction Act of 2413 |
Message | 20 ALO for our poorest is hardly life-destroying. Looking at our projections (http://tuxnet.v.servelocity.net/aloria_tax1.png) from our tax software (OOC: http://tuxnet.v.servelocity.net/code/tax.py :D), this should give tax relief at all levels. As such, we approve. |
Date | 19:04:58, June 06, 2007 CET | From | Social Reform Party | To | Debating the Income Tax Reduction Act of 2413 |
Message | No. This would create a major deficit, not a workable one. |
Date | 23:15:41, June 06, 2007 CET | From | Party Royale | To | Debating the Income Tax Reduction Act of 2413 |
Message | This tax system would create a deficit too large to sustain. |
Date | 00:08:02, June 07, 2007 CET | From | Moderate Libertarian Party (NoCoalition) | To | Debating the Income Tax Reduction Act of 2413 |
Message | Not if the spending bill the MLP proposed passes. |
Date | 02:27:49, June 07, 2007 CET | From | Party Royale | To | Debating the Income Tax Reduction Act of 2413 |
Message | Well, as that bill is currently being defeated by a wide margin, we feel that this bill is irresponsible. |
Date | 15:47:06, June 07, 2007 CET | From | Moderate Libertarian Party (NoCoalition) | To | Debating the Income Tax Reduction Act of 2413 |
Message | Defeated? 254-198=defeat? |
Date | 18:13:38, June 07, 2007 CET | From | Fair Capitalism Party | To | Debating the Income Tax Reduction Act of 2413 |
Message | The PR clearly meant your spending bill. |
Date | 04:19:30, June 10, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Income Tax Reduction Act of 2413 |
Message | In light of the spending decrease we cannot support this bill which we would have is certain parties had not have disagreed. |
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Voting
Vote | Seats | ||||||
yes |
Total Seats: 254 | ||||||
no |
Total Seats: 312 | ||||||
abstain | Total Seats: 34 |
Random fact: Character names must appear plausible and should consist of at least a first name and a surname. Exceptions to this will only be granted at Moderation's discretion and where a very strong case has been presented |
Random quote: "Prejudices subsist in people's imagination long after they have been destroyed by their experience." - Ernest Dimnet |