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Bill: Income tax proposal of June 2933
Details
Submitted by[?]: New Aloria Party (NAP)
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: February 2934
Description[?]:
| The People's Party (DemCoa) 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 |
| > 1,000 ALO | 6% | 13,701,000,000 ALO |
| > 5,000 ALO | 17% | 25,140,000,000 ALO |
| > 10,000 ALO | 20% | 10,299,000,000 ALO |
| > 15,000 ALO | 25% | 6,979,000,000 ALO |
| > 20,000 ALO | 33% | 2,342,000,000 ALO |
| > 25,000 ALO | 38% | 734,000,000 ALO | Total | 59,195,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 22:34:43, May 04, 2010 CET | From |  New Aloria Party (NAP) | To | Debating the Income tax proposal of June 2933 |
| Message | President Mark Burton is proposing a new tax plan to help bring more money into the surplus. He proposes on cutting a percent off the income tax for those make less than 1,000ALO. He proposes to raise taxes by 2 percent from 15 to 17% for those making less than 5,000ALO which will bring in more money. The paln also proposes to increase the income taxes on those making less than 20,000ALO from 30% to 33% and finally less than 25,000 ALO will pay 38% instead of 35%. Burton is confident that Alorian families will still be able to pay the new increased taxes as the same rate they are currently. Burton targeted the 5,000ALO mark because that’s where most of the money in income taxes comes from The reason with the increased taxes is to bring in more revenue in for a proposed budget plan as well as proposed rain day fund. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 325 | ||
| no | Total Seats: 42 | ||
| abstain |
Total Seats: 248 |
| Random fact: Players using inactive accounts and/or accounts from outside nations may only propose bills and/or contribute to discussions, whether IC (in-character) or OOC (out-of-character) with the general consent of the players in the nation. |
| Random quote: "You cannot help men permanently by doing for them what they could and should do for themselves." - Abraham Lincoln |