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Bill: Income tax proposal of June 2633
Details
Submitted by[?]: Alorian Populist Party (DemCoa)
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: February 2634
Description[?]:
| The Social Capitalism Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. Aloria's government as of right now is miniscule. healthy government spedning is about 1/5 of GDP. Right now it is under 1 percent. I propose increasing it to 10% or 100 billion, which is what this tax bill tries to pay for. Don't mean to be patronizing, but to anyone who thinks these taxes are to high, to make anyone pay 50% of their income is to much, I agree, except that isn't what this means. This is a MARGINAL tax rate, which means that only on income above a certiant amount are any taxes paid. Supposing I make 6000 ALO. 5000 of that is not taxed at all, only the top 1000 of that is, at 7%. I'm assuming everyone knew that, but I just wanted to make it absolutely clear. Under this tax plant, the average Alorian (making a little less then 5000 ALO) pays no taxes at all. Taxes are still pretty low until you get up to 15,000 ALO. Compare this to the fictional country of America, this is much lower (and relatively speaking, America hays less taxes then most countries on the fictional planet of Earth). |
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 |
| > 5,000 ALO | 7% | 6,372,000,000 ALO |
| > 7,500 ALO | 15% | 8,546,000,000 ALO |
| > 10,000 ALO | 25% | 7,754,000,000 ALO |
| > 12,500 ALO | 36% | 7,390,000,000 ALO |
| > 15,000 ALO | 50% | 18,529,000,000 ALO | Total | 48,591,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:37:20, September 07, 2008 CET | From | Alorian Populist Party (DemCoa) | To | Debating the Income tax proposal of June 2633 |
| Message | Edit to the desciption: I calculated how this compares to USA taxes by setting each ALO to about 9 dollars (assuming average income was the same in both countries. Granted, that may be assuming a lot, but its the best model to work with I think.) |
| Date | 20:14:58, September 07, 2008 CET | From | Nationalist Party | To | Debating the Income tax proposal of June 2633 |
| Message | Too high rates. We'd prefer a lower rate for the 'poor' incomes and lower for the rich incomes. So what about rates like resp. 4%, 8%, 15%, 20% and 25%? |
| Date | 20:30:56, September 07, 2008 CET | From | Alorian Populist Party (DemCoa) | To | Debating the Income tax proposal of June 2633 |
| Message | These are not that high. If I make 11000 ALO, I am comfortable, and since the tax rates are MARGINAL, I pay only 800 in taxes. Thats less then 10% of a comfortable Alorians income Taxes are marginal, if you don;t know what that means, wikipedia it. This is less taxes then USA if you assume normal Alorian income in normal American income. The poor meanwhile don't just have low taxes, they have no taxes. You don't pay any taxes at all until your making average Alorian income, and then only on what you make above it. |
| Date | 20:33:33, September 07, 2008 CET | From | Alorian Populist Party (DemCoa) | To | Debating the Income tax proposal of June 2633 |
| Message | Further explanation: Alorians pay nothing on income made below 5,000. If I make 6000, I pay only 7% of only 1,000 ALO for example. that 5,000 ALO below that are untaxed. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 260 | ||||
| no | Total Seats: 286 | ||||
| abstain |
Total Seats: 204 |
| Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
| Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |