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Bill: Income tax proposal of April 2463
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: December 2463
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 |
| > 6,000 ALO | 1% | 621,000,000 ALO |
| > 8,000 ALO | 1% | 1,331,000,000 ALO | Total | 1,952,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:39:23, September 30, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Income tax proposal of April 2463 |
| Message | This bill will cause a budget deficit. of about 1.5-2 billion ALOs. |
| Date | 18:43:18, September 30, 2007 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Income tax proposal of April 2463 |
| Message | We disagree. We've never had a budget deficit under conservative bloc majority, and that's over the past 35 years. And even if that were the actual case, it simply means we must cut government programs and entitlements. |
| Date | 19:10:52, September 30, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Income tax proposal of April 2463 |
| Message | It's a good thing it's not subjective: it doesn't matter that you "disagree." Do the math. Our current revenues barely exceed our outlays. You cut taxes by 2.5 billion ALOs, you'll get a budget deficit of about 1.5-2.billion ALOs. You want to cut programs ,that's fine. But get those bills passed before you go after the tax cuts. That's the responsible thing to do. Before the graduated income tax was reinstated, there was a budget deficit of about 3.5 billion ALOs. That deficit resulted when the sales tax was cut from 8% to 6%. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 225 | |||
| no | Total Seats: 344 | |||
| abstain |
Total Seats: 131 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "I have a dream that my four little children will one day live in a nation where they will not be judged by the colour of their skin but by the content of their character." - Martin Luther King Jr. |