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Bill: Income tax proposal of December 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: August 3005
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:: 10
Current: 5
Proposed: 5
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 25
Proposed: 5
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 |
| > 2,000 ALO | 5% | 5,858,000,000 ALO |
| > 4,000 ALO | 10% | 9,374,000,000 ALO |
| > 6,000 ALO | 15% | 9,301,000,000 ALO |
| > 8,000 ALO | 20% | 8,872,000,000 ALO |
| > 10,000 ALO | 25% | 22,116,000,000 ALO | Total | 55,521,000,000 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: 0 | ||||
| abstain | Total Seats: 242 |
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| Random quote: "You know what's interesting about Washington? It's the kind of place where second-guessing has become second nature." - George W. Bush |