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Bill: Income tax proposal of November 2692
Details
Submitted by[?]: Alorian Populist Party (DemCoa)
Status[?]: passed
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: July 2693
Description[?]:
| The Alorian Populist Party (PrCoa) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. This raises nobody taxes, and it cut the taxes of working class people. I do this because, although I voted against, a massive 100 billion spending cut is set to pass, which will fix our 50 billion deficit. Then we will have a 50 billion surplus. We might as well give it to the Alorian people in tax cuts on lower incomes (which everyone gets, for rich people also have to pay the lower brackets). This even cuts the 10000 bracket by 5% (note: this cuts some taxes by raising and adding brackets at a higher level). |
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 |
| > 500 ALO | 1% | 883,000,000 ALO |
| > 2,000 ALO | 5% | 8,496,000,000 ALO |
| > 5,000 ALO | 10% | 14,824,000,000 ALO |
| > 10,000 ALO | 20% | 15,927,000,000 ALO |
| > 20,000 ALO | 38% | 3,452,000,000 ALO | Total | 43,582,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 560 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 190 |
| Random fact: To see what other nations are up to and to actively involve yourself in international activities: check the Roleplaying section on the forum! Don't be shy to make a news post about your party's recent achievements. |
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