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Bill: Income tax proposal of January 2567
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: September 2567
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 |
| > 10,000 ALO | 40% | 20,610,000,000 ALO |
| > 15,000 ALO | 45% | 12,592,000,000 ALO |
| > 20,000 ALO | 50% | 4,549,000,000 ALO | Total | 37,751,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 07:06:55, April 26, 2008 CET | From | Conservative Union | To | Debating the Income tax proposal of January 2567 |
| Message | We love to lower taxes. But take this advice: Lower taxes gradually. That way the economy can adjust to it. |
| Date | 08:23:58, April 26, 2008 CET | From |  Moderate Libertarian Party (NoCoalition) | To | Debating the Income tax proposal of January 2567 |
| Message | THIS IS GRADUAL. |
| Date | 08:44:04, April 26, 2008 CET | From | Conservative Union | To | Debating the Income tax proposal of January 2567 |
| Message | 10% decrease is not. |
| Date | 10:10:03, April 26, 2008 CET | From | Free Democratic Party | To | Debating the Income tax proposal of January 2567 |
| Message | STOP CAPITALISING |
| Date | 15:25:31, April 26, 2008 CET | From | Alorian Public Union | To | Debating the Income tax proposal of January 2567 |
| Message | Big problem with this bill is that if it this passes, and the budget bills doesn't (which it won't) thats a 20 billion deficit. We just got rid of a 2 billion deficit. You can blame that on thr Liberal's blocs "irresponsible" spending, but it seems to me even more at fault would be the anti-tax bloc irresponsible cutting of taxes on the upper middle class and wealthy (only about 20% of the population even pays taxes, on income ABOVE (taxes are marginal) the amount designated. They are not irresonable, whats irresonable is a 20 billion deficit this would cause. I just supported small tax cuts, so don't think its that I'm unwillingly to sometimes cut them, but I am unwilling to be so fiscally irresponsible. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 337 | ||||||
| no |
Total Seats: 413 | ||||||
| abstain | Total Seats: 0 |
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