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Bill: Income tax proposal of November 3042
Details
Submitted by[?]: Aldegar National Monarchic Front
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: July 3043
Description[?]:
The Big Brother's National Alliance-BBNA propose to adjust the government's income tax policy to better address the economic situation of the Second Republic of Aldegar. |
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 |
> 1,000 ACR | 2% | 560,000,000 ACR |
> 1,500 ACR | 5% | 4,202,000,000 ACR |
> 3,000 ACR | 10% | 12,073,000,000 ACR |
> 6,000 ACR | 35% | 21,696,000,000 ACR |
> 9,000 ACR | 70% | 21,401,000,000 ACR |
> 12,000 ACR | 85% | 13,003,000,000 ACR |
> 15,000 ACR | 90% | 8,426,000,000 ACR | Total | 81,361,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
Date | 21:59:19, December 09, 2010 CET | From | Aldegar National Monarchic Front | To | Debating the Income tax proposal of November 3042 |
Message | Mister President, Ministers and all Members of the People's Assembly, After a lot of time studying and analysing budgets and economic system, I'm proud to present you all a rationalization of the current taxation system. I consider extremely usless maintaing the current system with 83 level of tax percentage!! "Taxpayer's Inferno" it is called...it's easy to understand why. I try to maintain the overall revenue and with this new system the state should obtain little extra money. Minimum taxation income level is 1000 ACR with a "symbolic" 2% tax. Maximum level tax is 90% for highest income (the extermely riches) of 15000. |
Date | 22:01:35, December 09, 2010 CET | From | rEvolution | To | Debating the Income tax proposal of November 3042 |
Message | Support! Yes, 83 brackets is overkill. |
Date | 22:05:54, December 09, 2010 CET | From | Aldegar National Monarchic Front | To | Debating the Income tax proposal of November 3042 |
Message | I hope even goverment opposition gives his support. |
Date | 00:56:07, December 10, 2010 CET | From | People's Party - Republican Democrats | To | Debating the Income tax proposal of November 3042 |
Message | We certainly wouldn't have supported this. The tax system we used to have was the nearest we could get to a sliding scale, we we actually would have preferred to have, and we are strongly opposed to the tax burden that is imposed on the less well-off under this new system. |
Date | 12:28:42, December 10, 2010 CET | From | rEvolution | To | Debating the Income tax proposal of November 3042 |
Message | Tax burden has either stayed the same, or decreased, for all brackets. |
Date | 12:32:35, December 10, 2010 CET | From | rEvolution | To | Debating the Income tax proposal of November 3042 |
Message | In fact, we would like to warn Finance Minister John Dollar that we have a deficit now. |
Date | 14:06:10, December 10, 2010 CET | From | People's Party - Republican Democrats | To | Debating the Income tax proposal of November 3042 |
Message | The assertion that tax burden has stayed the same or decreased for all brackets is untrue. Before the introduction of this system, no tax was paid for incomes below 3700 ACR, and the starting point after that was 3% . Nowadays, income tax starts at an income of 1000 ACR, and, given that the 10% threshold is already reached at 3000 ACR, the burden on all income between 1000 ACR and 4400 ACR has increased. Between that and 6000 ACR theren is indeed a decrease, until the sudden steep jump to a 35% tax marks another increase of tax burden to all incomes between 6000 ACR and 6900 ACR. and we've got another such sudden and steep jump at 9000 ACR. While the old tax system protected low income earners and provided for a gradual increase of the burden, the new system is inconsistent and unjust in that respect. |
Date | 14:10:49, December 10, 2010 CET | From | rEvolution | To | Debating the Income tax proposal of November 3042 |
Message | PP: Ahh... sorry. I don't know how I counted. BBNA: But still, Mr. Dollar. Deficit! |
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Voting
Vote | Seats | |||
yes | Total Seats: 103 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 96 |
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