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Bill: New Economic Policy
Details
Submitted by[?]: New Socialist 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 not pass any sooner than the deadline.
Voting deadline: March 2695
Description[?]:
| The Socialist Alliance/L.U.S. PrCoa propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 5
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 19
Current: 25
Proposed: 25
Article 3
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 |
| > 2,000 ALO | 10% | 16,960,000,000 ALO |
| > 5,000 ALO | 20% | 29,589,000,000 ALO |
| > 10,000 ALO | 40% | 31,795,000,000 ALO |
| > 20,000 ALO | 65% | 4,636,000,000 ALO |
| > 25,000 ALO | 75% | 1,458,000,000 ALO | Total | 84,438,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 283 | ||||
| no | Total Seats: 42 | ||||
| abstain | Total Seats: 347 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "If a white man falls off a chair drunk, it's just a drunk. If a Negro does, it's the whole damn Negro race." - Bill Cosby |