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Bill: Income tax proposal of October 2744
Details
Submitted by[?]: Democratic Centrist Party
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 2745
Description[?]:
| The Democratic Centrist Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. |
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% | 2,871,000,000 ALO |
| > 5,000 ALO | 11% | 8,421,000,000 ALO |
| > 7,000 ALO | 21% | 10,610,000,000 ALO |
| > 9,000 ALO | 31% | 11,429,000,000 ALO |
| > 11,000 ALO | 41% | 7,971,000,000 ALO |
| > 13,000 ALO | 52% | 27,644,000,000 ALO | Total | 68,946,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 00:09:22, April 22, 2009 CET | From |  Democratic Centrist Party | To | Debating the Income tax proposal of October 2744 |
| Message | With a simple 1% increase in all tax brackets (except 1 ALO: 0% increase; 13000 ALO: 2% increase) and in corporate tax, the current deficit will be eliminated. In fact, this gives us a surplus of almost 900 millions; of which 800 million will be used to increase funds for Health and Education to the benefit of the Alorian people. With the average person in Aloria earning around 4650 ALO, the effect on the general population will be little to none. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 324 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 315 |
| Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
| Random quote: "Forgive your enemies, but never forget their names." - John F. Kennedy |