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Bill: Financial Reform 1-Taxation
Details
Submitted by[?]: Berosian Party
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: November 2724
Description[?]:
| The Berosian Party and the Ministry of Finance propose to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 30
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 50
Proposed: 20
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 |
| > 1 ACR | 30% | 121,625,000,000 ACR | Total | 121,625,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 19:56:19, March 11, 2009 CET | From | People's Party - Republican Democrats | To | Debating the Financial Reform 1-Taxation |
| Message | The income tax proposal in this bill means a severe increase in the tax burden for the low income groups. Combined with the cut in taxes on luxury goods, the Berosian Party is trying to make the poor pay for the tax cuts the rich are getting. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 87 | ||||||
| no |
Total Seats: 271 | ||||||
| abstain |
Total Seats: 141 |
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