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Bill: Income tax proposal of November 3003
Details
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: January 3005
Description[?]:
| The Tea Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 5
Proposed: 5
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 25
Proposed: 10
Article 3
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 | 5% | 5,877,000,000 ALO |
| > 3,000 ALO | 15% | 38,825,000,000 ALO |
| > 10,000 ALO | 20% | 17,720,000,000 ALO | Total | 62,422,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:51:16, September 22, 2010 CET | From | Free Democratic People's Party | To | Debating the Income tax proposal of November 3003 |
| Message | We support article 1 & 2, article 3 seems a bit harsh. Of course, there has to be a spending bill with serious cuts first. |
| Date | 18:08:04, September 23, 2010 CET | From | Free Democratic People's Party | To | Debating the Income tax proposal of November 3003 |
| Message | We shall vote against this bill, not because it isn't better than the taxation of th SA, which it is in our opinion, but because we have just proposed a taxation bill of our own, which we of course think is better than this. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 0 | ||
| no | Total Seats: 408 | ||
| abstain |
Total Seats: 242 |
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