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Bill: Income tax proposal of July 2813
Details
Submitted by[?]: People's Party - Republican Democrats
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: April 2814
Description[?]:
| The Minister of Finance, Mr Francis Ahern of the People's Party - Social Democrats, proposes to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar. This proposal reduces the current deficit by a considerable amount while avoiding to make the lower income groups pay for the consolidation of the budget. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 30
Proposed: 60
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 |
| > 2,500 ACR | 15% | 4,195,000,000 ACR |
| > 3,000 ACR | 20% | 5,292,000,000 ACR |
| > 3,500 ACR | 25% | 5,828,000,000 ACR |
| > 4,000 ACR | 30% | 6,305,000,000 ACR |
| > 4,500 ACR | 35% | 6,402,000,000 ACR |
| > 5,000 ACR | 40% | 6,580,000,000 ACR |
| > 5,500 ACR | 45% | 6,750,000,000 ACR |
| > 6,000 ACR | 50% | 6,839,000,000 ACR |
| > 6,500 ACR | 55% | 6,778,000,000 ACR |
| > 7,000 ACR | 60% | 6,412,000,000 ACR |
| > 7,500 ACR | 65% | 5,724,000,000 ACR |
| > 8,000 ACR | 70% | 5,967,000,000 ACR |
| > 8,500 ACR | 75% | 5,927,000,000 ACR |
| > 9,000 ACR | 80% | 5,804,000,000 ACR |
| > 9,500 ACR | 85% | 5,684,000,000 ACR |
| > 10,000 ACR | 90% | 37,147,000,000 ACR | Total | 127,634,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 78 | ||
| no |
Total Seats: 83 | ||
| abstain |
Total Seats: 338 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "If we were to wake up some morning and find that everyone was the same race, creed and color, we would find some other causes for prejudice by noon." - George Aiken |