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Bill: Income tax proposal of August 2944
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: April 2946
Description[?]:
| “Taxes in Aloria were turned upside down. People were paying way too much for taxes and some not even their own fair share. The lower class does have to pay taxes I propose it from 1% to 6% something that I have never felt opposition for. The middle class was taxed at 25% now it shall be 18%. The rich were taxed 50 percent of the income. Alorians are hurting. We must relieve them from hurting at once. I have checked the numbers and the revenue will be in 400 billion, with our spending that will be passed in the new budget proposal we will have a surplus of 41 billion. Way above the Emergency Fund Act. With such a surplus I can talk with the Finance Minister on ways to use it as well we will be well prepared for any emergency’s or departments that need more funding. This tax proposal must be passed”-President Mark Burton |
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% | 13,702,000,000 ALO |
| > 5,000 ALO | 18% | 26,630,000,000 ALO |
| > 10,000 ALO | 22% | 11,335,000,000 ALO |
| > 15,000 ALO | 26% | 7,270,000,000 ALO |
| > 20,000 ALO | 30% | 2,140,000,000 ALO |
| > 25,000 ALO | 35% | 681,000,000 ALO | Total | 61,758,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 12:17:45, May 27, 2010 CET | From |  NCPA | To | Debating the Income tax proposal of August 2944 |
| Message | I do agree with a 50% tax on the top band which I believe is affordable, however will agree as I think the lower classes were getting a free ride so to speak NCPA |
| Date | 21:04:22, May 27, 2010 CET | From | Democratic Party of Aloria | To | Debating the Income tax proposal of August 2944 |
| Message | they were |
| Date | 04:30:37, May 28, 2010 CET | From | New Aloria Party (NAP) | To | Debating the Income tax proposal of August 2944 |
| Message | Will wait insight from the RPA before going to vote. |
| Date | 02:38:52, May 29, 2010 CET | From | Republican Party of Aloria (DemCoa) | To | Debating the Income tax proposal of August 2944 |
| Message | Well, we'd prefer tax simplification, meaning less brackets, before anything. After that, we think that the lowest threshold should be 1 (meaning everyone pays taxes), but that could be at a rate as low as 1%. It's just the principle of the thing. We also think that the business tax rate should be cut, if not eliminated. After that, tax cuts should go from the bottom up, cutting the bottom brackets cuts everyone taxes, and their shouldn't be any cuts to the top if it's at the expense of potential cuts that could be made to the bottom. All that being said, we will support this tax bill, though expect at the very least later reccomendations from the Ministry of Finance on how to simplify this. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 395 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 251 |
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| Random quote: " A government which robs Peter to pay Paul, can always count on the support of Paul." - George Bernard Shaw |