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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: 15
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% | 16,980,000,000 ALO |
> 5,000 ALO | 20% | 29,628,000,000 ALO |
> 10,000 ALO | 40% | 31,834,000,000 ALO |
> 20,000 ALO | 65% | 4,637,000,000 ALO |
> 25,000 ALO | 75% | 1,458,000,000 ALO | Total | 84,537,000,000 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 |
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