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Bill: Income tax proposal of February 2118
Details
Submitted by[?]: Ducal Delegation
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: January 2119
Description[?]:
| The Ducal Delegation propose to adjust the government's income tax policy to better address the economic situation of the Republic of Aldegar. |
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 |
| > 2,500 ACR | 25% | 66,555,000,000 ACR | Total | 66,555,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 12:35:58, September 29, 2005 CET | From |  Ducal Delegation | To | Debating the Income tax proposal of February 2118 |
| Message | The existing highest rate of income tax is far too high at 38%. Aldegar's finest entrepreneur, such as the Grand Duke, have no incentive to innovate and take risks. Introducing a 'flat tax' of 25% after 2500 ACR would re-energise our economy by providing incentives for people to invest here, whilst also taking a large number of people outside of the income tax bracket altogether. This proposal would benefit both the poor and the entrepreneurs upon whom our economic success depends. The Rt. Hon. Jonathon Shaftesbury (Minister for Economic Affairs) |
| Date | 14:21:32, September 29, 2005 CET | From | Novy Smer Party | To | Debating the Income tax proposal of February 2118 |
| Message | No. The Grand Duke should be prepared to put his hands a bit deeper into his pockets. |
| Date | 00:43:49, September 30, 2005 CET | From | Fenner Brockway Socialist Party | To | Debating the Income tax proposal of February 2118 |
| Message | This bill would mean tax rises for those earning between 2,500 and 8,000 ACR, and very big tax cuts for those earning above 17,000 ACR (which is a lot of money). FBSP opposes this bill. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 106 | |||||
| no |
Total Seats: 215 | |||||
| abstain |
Total Seats: 0 |
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