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Bill: Flat Tax Compromise Proposal
Details
Submitted by[?]: Democratic Rationalists (PrCoa)
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: August 2469
Description[?]:
| Thanks to right-wing tax cuts, Aloria is again running a budget deficit, this time even larger than before. We have a choice if we want to remain fiscally responsible: raise taxes or cut spending. Currently, Alorian government spending accounts for less than %3 of GDP. That's preposterously small. Government spending in most nations accounts for 20-30% or more of GDP. Alorian government is irresponsibly small. Budget cuts now are not needed, and irresponsible. This bill proposes a compromise "flat tax" to make up the federal budget shortfall. Under this bill, about %80 of Alorians get a tax cut. Only the roughly %20 of Alorians with an income over 12000 ALOs pay any taxes at all. They only pay taxes on their income over 12000 ALOs, and then at the modest rate fo 10%. If this bill passes, the Democratic Rationalists will neither propose nor vote for more graduated income tax bills until the income tax is changed, either in percentage or taxable income level. |
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 |
| > 12,000 ALO | 10% | 6,221,000,000 ALO | Total | 6,221,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 16:01:39, October 10, 2007 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Flat Tax Compromise Proposal |
| Message | Yeah. We know it's an election year. We don't care. Taxes aren't the lightning rod issue in Aloria the right thinks it is. |
| Date | 00:11:23, October 11, 2007 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Flat Tax Compromise Proposal |
| Message | Good god! 10%. Are you people out of your minds?!? |
| Date | 02:28:27, October 11, 2007 CET | From | Industrialist Party of Aloria | To | Debating the Flat Tax Compromise Proposal |
| Message | Let's cut spending on everything else except Defense! That would fix the whole problem. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 242 | |||||
| no |
Total Seats: 458 | |||||
| abstain |
Total Seats: 0 |
| Random fact: After 3 days (72 hours) your account will be inactivated by Moderation. If you want to be reactivated you can request reactivation located here: http://forum.particracy.net/viewtopic.php?f=11&t=4360 |
| Random quote: "Politics is not a bad profession. If you succeed there are many rewards, if you disgrace yourself, you can always write a book." - Ronald Reagan |