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Bill: Income tax proposal of September 2755
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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: May 2756
Description[?]:
| The Minister of Finance, Ms. Sorcha Nic Clamha, of the People's Party of Aldegar propose to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar. With our surplus currently standing at 31,740,000,172 ACR it is time for a bold move for the relief of low-income earners and remove the lowest tax bracket altogether. |
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 |
| > 2,500 ACR | 25% | 29,235,000,000 ACR |
| > 5,000 ACR | 35% | 23,816,000,000 ACR |
| > 7,500 ACR | 50% | 19,549,000,000 ACR |
| > 10,000 ACR | 60% | 11,689,000,000 ACR |
| > 12,500 ACR | 70% | 8,653,000,000 ACR |
| > 15,000 ACR | 80% | 7,468,000,000 ACR | Total | 100,410,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 23:54:47, May 13, 2009 CET | From | National Populist Party | To | Debating the Income tax proposal of September 2755 |
| Message | We applaud the People's Party for drawing up such a document, and President Snyder will be happy to sign. |
| Date | 08:43:00, May 14, 2009 CET | From | People's Party - Republican Democrats | To | Debating the Income tax proposal of September 2755 |
| Message | We are delighted that this proposal received such a swift passage. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 368 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 131 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "The man who prefers his country before any other duty shows the same spirit as the man who surrenders every right to the state. They both deny that right is superior to authority." - John Dalberg-Acton |