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Bill: Income Tax proposal of September 2651
Details
Submitted by[?]: Genuine Progress Alliance
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: August 2652
Description[?]:
| The Genuine Progress Alliance propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. Through this proposal, taxpayers can pay less in their taxes while the government can reduce unnecessary spending. |
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 |
| > 7,500 ALO | 5% | 2,846,000,000 ALO |
| > 10,000 ALO | 10% | 5,149,000,000 ALO |
| > 15,000 ALO | 15% | 4,194,000,000 ALO |
| > 20,000 ALO | 20% | 1,818,000,000 ALO | Total | 14,007,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 307 | |||||
| no |
Total Seats: 443 | |||||
| abstain | Total Seats: 0 |
| Random fact: The grey space in the east is populated by the forum-based countries, known in-game as the former colonies or the "Third World". These countries are managed by the Third World Coordinator but players can request control of individual countries in the Third World Control Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=8302 |
| Random quote: "Idealism is fine; but as it approaches reality, the cost becomes prohibitive." - William F. Buckley, Jr. |