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Bill: Fiscal Responsibility Restoration and Middle Class Tax Relief Act of 2529
Details
Submitted by[?]: Democratic Rationalists (PrCoa)
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: February 2530
Description[?]:
| The Democratic Rationalists propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. 1) This bill proposes TAX CUTS of %33 for Aloria's lowest earning taxpayers; those in the 8-10k tax bracket. 2) By abolishing the corporate tax, this bill proposes even more tax relief for low earning Alorians, since corporations tend to pass along all taxes they pay to consumers. 3) A modest adjustment of %2 is made for the 10-14k tax bracket. And %5 for 14k and above. 4) An adjustment of %3 to the sales tax should correct the rest of the budget shortfall. If it does not, another adjustment can be made later. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 3
Current: 5
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 25
Proposed: 3
Article 3
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 |
| > 8,000 ALO | 4% | 1,779,000,000 ALO |
| > 10,000 ALO | 12% | 5,261,000,000 ALO |
| > 14,000 ALO | 20% | 7,157,000,000 ALO |
| > 20,000 ALO | 30% | 2,726,000,000 ALO | Total | 16,923,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 20:34:04, February 09, 2008 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Fiscal Responsibility Restoration and Middle Class Tax Relief Act of 2529 |
| Message | We'd vote for Articles I and II as a bill but NOT this steep tax bracket increase on people's incomes. |
| Date | 12:38:40, February 10, 2008 CET | From | People's Reform Party | To | Debating the Fiscal Responsibility Restoration and Middle Class Tax Relief Act of 2529 |
| Message | Victory! ;-) |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 555 | ||||||
| no | Total Seats: 195 | ||||||
| abstain |
Total Seats: 0 |
| Random fact: Players have a responsibility to make a reasonable effort to be accurate when communicating the rules to other players. Any player who manipulatively misleads another player about the rules will be subject to sanction. |
| Random quote: "When we're unemployed, we're called lazy; when the whites are unemployed it's called a depression." - Jesse Jackson |