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Bill: Income tax proposal of January 3004
Details
Submitted by[?]: Free Democratic People's Party
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: September 3004
Description[?]:
The Free Democratic People's 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: 10
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% | 4,420,000,000 ALO |
> 2,500 ALO | 10% | 14,060,000,000 ALO |
> 5,000 ALO | 15% | 13,687,000,000 ALO |
> 7,500 ALO | 20% | 11,421,000,000 ALO |
> 10,000 ALO | 25% | 7,772,000,000 ALO |
> 12,500 ALO | 30% | 6,173,000,000 ALO |
> 15,000 ALO | 35% | 12,992,000,000 ALO | Total | 70,525,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 408 | ||
no |
Total Seats: 242 | ||
abstain |
Total Seats: 0 |
Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
Random quote: "Difference of religion breeds more quarrels than difference of politics." - Wendell Phillips |