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Bill: Tax Reform
Details
Submitted by[?]: Alorian Public Union
Status[?]: defeated
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: June 2571
Description[?]:
| The Alorian Public Union (PrCoa) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria.The Alorian Public Union (PrCoa) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. APU feels that 80 billion in income taxes is enough, and that anything more needed in revenues can be brought in by more progressive consumption taxes. Eliminates the two highest margins (people here obviously still pay taxes, but only the perecent designated above the two margins remaining). Relaces it with a 2% increase in the luxury sales tax. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 6
Current: 25
Proposed: 8
Article 2
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 | 50% | 25,798,000,000 ALO |
| > 15,000 ALO | 58% | 21,528,000,000 ALO | Total | 47,326,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:12:01, May 03, 2008 CET | From | United Republican Party (FFL) | To | Debating the Tax Reform |
| Message | This is putting way too much weight on two of our lowest tax brackets and put us at a deficit, especially in the light of a recent suggestion to increase the federal budget. Though we highly appreciate the sentiment coming from the APU we have to kindly disagree with this bill. |
| Date | 20:03:50, May 03, 2008 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Tax Reform |
| Message | The advantage of a luxury sales tax is that it is in some sense voluntary--if it really applies to luxuries, you don't have to pay it unless you choose to buy luxuries. The disadvantage of any sales tax is that it is inherently regressive, since lesser-income earners must pay a larger portion of their income for the tax compared to higher-income earners. We believe in a balance between sales and income taxes, with the greater portion of revenue coming from progressive income taxes. We think that balance is about right under the current system. We think this proposal shifts too much weight over to the luxury sales tax, which imposes too much of a burden on lesser-income earners in favor of higher-income earners. |
| Date | 20:20:07, May 03, 2008 CET | From | Democratic Rationalists (PrCoa) | To | Debating the Tax Reform |
| Message | We've fiddled with a lot of different tax structures. When it comes down to it, we like the current tax system. If anything, we'd favor reducing the sales tax in exchange for a slight increase in the income tax. If you think of an Alorik as roughly 1/10th the value of a dollar (not a perfect exchange, but just so we have something to work with), that means nobody pays any income taxes at all until about $100,000/year. That's not a bad system. |
| Date | 22:53:22, May 03, 2008 CET | From | New Socialist Alliance | To | Debating the Tax Reform |
| Message | We agree with raising the sales tax on luxury goods but 15,000 is too low a top bracket |
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Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 256 | |||||||
| no |
Total Seats: 410 | |||||||
| abstain | Total Seats: 84 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "It does me no injury for my neighbor to say there are twenty gods or no god. It neither picks my pocket nor breaks my leg." - Thomas Jefferson |