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Bill: Taxation proposal of December 2748
Details
Submitted by[?]: People's Party - Republican Democrats
Status[?]: passed
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: September 2749
Description[?]:
| The Minister of Finance, Dai Mitchell, proposes to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar and give a tax relief to the lower income groups. The proposal is balanced by an adjustment to the higher income tax brackets and a slight increase in corporation tax. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 40
Current: 30
Proposed: 42
Article 2
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 |
| > 1,000 ACR | 10% | 8,390,000,000 ACR |
| > 2,500 ACR | 25% | 29,260,000,000 ACR |
| > 5,000 ACR | 35% | 23,849,000,000 ACR |
| > 7,500 ACR | 48% | 18,804,000,000 ACR |
| > 10,000 ACR | 60% | 11,708,000,000 ACR |
| > 12,500 ACR | 70% | 8,669,000,000 ACR |
| > 15,000 ACR | 80% | 7,501,000,000 ACR | Total | 108,181,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 359 | |||
| no | Total Seats: 22 | |||
| abstain | Total Seats: 118 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "The greatest lesson in life is to know that even fools are right sometimes." - Winston Churchill |