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Bill: Income tax proposal of April 2950
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: December 2950
Description[?]:
| The Minister of Finance, Mr Conradin Munro of the People's Party - Reform Democrats, proposes to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar. This proposal is eliminating the lowest tax band, thereby increasing the basic allowance to 2,800 ACR. |
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 |
| > 2,800 ACR | 4% | 667,000,000 ACR |
| > 3,100 ACR | 7% | 1,118,000,000 ACR |
| > 3,400 ACR | 10% | 1,462,000,000 ACR |
| > 3,700 ACR | 13% | 1,777,000,000 ACR |
| > 4,000 ACR | 16% | 2,057,000,000 ACR |
| > 4,300 ACR | 19% | 2,280,000,000 ACR |
| > 4,600 ACR | 22% | 2,410,000,000 ACR |
| > 4,900 ACR | 25% | 2,575,000,000 ACR |
| > 5,200 ACR | 28% | 2,700,000,000 ACR |
| > 5,500 ACR | 31% | 2,854,000,000 ACR |
| > 5,800 ACR | 34% | 2,921,000,000 ACR |
| > 6,100 ACR | 37% | 3,047,000,000 ACR |
| > 6,400 ACR | 40% | 3,117,000,000 ACR |
| > 6,700 ACR | 43% | 3,085,000,000 ACR |
| > 7,000 ACR | 46% | 3,010,000,000 ACR |
| > 7,300 ACR | 49% | 2,932,000,000 ACR |
| > 7,600 ACR | 52% | 2,720,000,000 ACR |
| > 7,900 ACR | 55% | 2,860,000,000 ACR |
| > 8,200 ACR | 58% | 2,933,000,000 ACR |
| > 8,500 ACR | 61% | 2,932,000,000 ACR |
| > 8,800 ACR | 64% | 2,937,000,000 ACR |
| > 9,100 ACR | 67% | 2,922,000,000 ACR |
| > 9,400 ACR | 70% | 2,889,000,000 ACR |
| > 9,700 ACR | 73% | 2,890,000,000 ACR |
| > 10,000 ACR | 76% | 2,611,000,000 ACR |
| > 10,300 ACR | 79% | 2,454,000,000 ACR |
| > 10,600 ACR | 82% | 2,256,000,000 ACR |
| > 10,900 ACR | 85% | 1,943,000,000 ACR |
| > 11,200 ACR | 88% | 1,720,000,000 ACR |
| > 11,500 ACR | 91% | 1,676,000,000 ACR |
| > 11,800 ACR | 94% | 1,731,000,000 ACR |
| > 12,100 ACR | 97% | 23,332,000,000 ACR | Total | 98,818,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 149 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 100 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "Our liberty depends on the freedom of the press, and that cannot be limited without being lost." - Thomas Jefferson |