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Bill: Income Tax Bracket Realignment Act of 2453
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: June 2453
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. |
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 | 1% | 2,285,000,000 ALO |
| > 5,000 ALO | 1% | 1,480,000,000 ALO |
| > 10,000 ALO | 1% | 516,000,000 ALO |
| > 15,000 ALO | 1% | 371,000,000 ALO | Total | 4,652,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 10:25:53, September 09, 2007 CET | From | Social Liberalism Party | To | Debating the Income Tax Bracket Realignment Act of 2453 |
| Message | Why do you seek to tax the poor and reward the rich? CLP votes no |
| Date | 15:24:34, September 09, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Income Tax Bracket Realignment Act of 2453 |
| Message | This bill doesn't actually cut taxes on the rich. It just eliminates the highest tax bracket: but incomes above 15k/year are still taxed at %1, same as they were before. All this bill does is reintroduce the %1 tax on incomes below 5k/year, which we abolished last session. Really, if you want a flat tax, you don't need tax brackets. Just introduce a bill that says "income above 5000 ALOs taxed at %1." Or, if you're the MLP, and rage at the injustice of incomes below 5000 ALOs getting away tax free, introduce a bill that says "income above 1000 ALOs taxed at %1." You won't need any other tax brackets. |
| Date | 20:02:36, September 09, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Income Tax Bracket Realignment Act of 2453 |
| Message | So now it's a crime to be rich, CLP? |
| Date | 03:49:09, September 10, 2007 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Income Tax Bracket Realignment Act of 2453 |
| Message | To the liberals it is. Because it's earned money, not given. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 246 | |||||
| no |
Total Seats: 354 | |||||
| abstain |
Total Seats: 0 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |