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Bill: New Tax Code
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: June 2712
Description[?]:
| It is my party's opinion that Government spending should be at least 20% of the GDP. THese taxes would give us the revenue to do that (combined with the sales and corporate taxes). I remind my fellow parties that this is a progressive and marginal tax code, meaning that when you see a number like 75% it doesn't mean 3/4 of someones full income, just 3/4 of what they make above 18,000. For more information, look here: http://en.wikipedia.org/wiki/Marginal_tax#Marginal. I don't mean to insult anyone's intelligence in saying this, but I have played with parties before who didn't know that so I just wanted to clear it up before we begin debating things. I assume that everyone already knew this, so these comments are irrelevant. Now, the average Alorian makes about 4500 ALO. Under this tax code, an Alorian with such an income would pay 180 in taxes,which is 4 percent of their total earnings. Meanwhile, Mr. Moneybags who makes 21,000 a year would pay a total of a little of 7800, or about 40% of their earnings. Meanwhile, a middle (really an upper middle class, comfortable, leisure class) Alorian making 11,000 would pay 20% of their income, which is exactly the percent of the national income (really a little less) that we'd be taxing. So this is a very progressive tax code that puts the biggest burden on the wealthy, very little on the average Alorian and some burdens on the leisure class. Please debate I don't plan on putting this up for a vote until the Progressive pass some legislation having to do with projects and policies that require more funding, which is this tax code is supossed to pay for |
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 |
| > 1 ALO | 1% | 1,763,000,000 ALO |
| > 3,000 ALO | 10% | 11,085,000,000 ALO |
| > 5,000 ALO | 25% | 25,899,000,000 ALO |
| > 8,000 ALO | 33% | 23,372,000,000 ALO |
| > 12,000 ALO | 50% | 12,578,000,000 ALO |
| > 15,000 ALO | 66% | 13,299,000,000 ALO |
| > 18,000 ALO | 75% | 12,701,000,000 ALO | Total | 100,697,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 17:50:32, February 14, 2009 CET | From | New Socialist Alliance | To | Debating the New Tax Code |
| Message | I like it. Now we just need a spending bill to match. Education funding needs to be multiplied by 4 at least |
| Date | 17:57:49, February 14, 2009 CET | From | Alorian Populist Party (DemCoa) | To | Debating the New Tax Code |
| Message | I multiplied it by 6. |
| Date | 22:00:08, February 14, 2009 CET | From | New Aloria Party (NAP) | To | Debating the New Tax Code |
| Message | I aggre that Education needs more funding. I feel either 4 or 6 is good enough. Is there anything else that should be inceressed? |
| Date | 22:10:06, February 14, 2009 CET | From | Alorian Populist Party (DemCoa) | To | Debating the New Tax Code |
| Message | see the budget bill my party has proposed. ITs subject to change, and open for debate, and I encourage all parties in support of greater funding to debate the issue and add their input and opinions. |
| Date | 22:36:51, February 14, 2009 CET | From | Alorian Populist Party (DemCoa) | To | Debating the New Tax Code |
| Message | now that the fletcherist bill is set to pass, I'll put this and the budget for a vote. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 389 | |||||
| no |
Total Seats: 63 | |||||
| abstain |
Total Seats: 298 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "I have come to the conclusion that politics are too serious a matter to be left to the politicians." - Charles de Gaulle |