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Bill: Income Tax Bracket Realignment Act of 2430
Details
Submitted by[?]: Moderate Libertarian Party (NoCoalition)
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: September 2430
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 will bring the flat income tax brackets into line with national needs. |
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% | 4,564,000,000 ALO |
| > 5,000 ALO | 2% | 2,958,000,000 ALO |
| > 10,000 ALO | 2% | 1,030,000,000 ALO |
| > 15,000 ALO | 2% | 559,000,000 ALO |
| > 20,000 ALO | 2% | 182,000,000 ALO | Total | 9,293,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 05:04:30, July 17, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Income Tax Bracket Realignment Act of 2430 |
| Message | We see no reason not to support this. |
| Date | 16:35:42, July 17, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Income Tax Bracket Realignment Act of 2430 |
| Message | CP, we respectfully disagree. The governing coalition's tax policy is fully regressive. MLP/CP are shifting tax burdens from corporations individuals; and raising taxes on the poorest individuals. DR votes no on this measure. |
| Date | 18:00:11, July 17, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Income Tax Bracket Realignment Act of 2430 |
| Message | Before the big tax decrease we had th lowest income tax bracket at four percent. Besides, this does nothing except eliminate a tax bracket for easier manageability. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 316 | |||
| no | Total Seats: 112 | |||
| abstain | Total Seats: 144 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "I've noticed that everybody that is for abortion has already been born." - Ronald Reagan, quoted in New York Times, 22 September 1980 |