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Bill: Income tax proposal of May 2992
Details
Status[?]: passed
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: July 2993
Description[?]:
The Tea Party propose to adjust the government's income tax policy to better address the economic situation of the Republica Federativa de Aloria. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 21
Current: 5
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 15
Current: 15
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 25
Proposed: 10
Article 4
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 | 15% | 34,283,000,000 ALO |
> 5,000 ALO | 20% | 39,923,000,000 ALO |
> 15,000 ALO | 25% | 6,994,000,000 ALO |
> 20,000 ALO | 30% | 2,722,000,000 ALO | Total | 83,922,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 250 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
Random quote: "Mine is the first generation able to contemplate the possibility that we may live our entire lives without going to war or sending our children to war." - Tony Blair |