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Bill: Income tax proposal of June 3074
Details
Submitted by[?]: Progressive Democratic 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: February 3075
Description[?]:
| The Progressive Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. As I am about to lose my job I thought I may as well attempt some tax reforms before I go. This plan will improve the Alorian economy twofold: First it is progressive, by not only creating a progressive income tax system but raising taxes on the wealthiest we will be able to raise government investment in public services boosting aggregate demand and therefore the economy. Second it allows us to remove the regressive tax on non essential goods allowing many of the poorest Alorians to escape from poverty but also by removing the sales tax this will stimulate supply. By taking both demand and supply side factors into consideration we are sure this will boost the Alorian economy. Clare Fletcher - Finance Minister (probably former Finance Minister by the time you come to vote on this bill) |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 30
Current: 15
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 25
Proposed: 40
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 |
| > 10,000 ALO | 10% | 5,157,000,000 ALO |
| > 15,000 ALO | 25% | 6,996,000,000 ALO |
| > 20,000 ALO | 35% | 2,497,000,000 ALO |
| > 25,000 ALO | 45% | 876,000,000 ALO | Total | 15,526,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 04:46:24, February 11, 2011 CET | From | Christian Democratic Party | To | Debating the Income tax proposal of June 3074 |
| Message | Mr. Speaker, While we are not over fond of over taxing the citizens, as the current system works wonderfully. We do agree that goods essential to life shouldn't be taxed. As a way to determine how best to further reform our tax system we shall vote for this. Hopefully after some new figures come out, we can better refine the system. I yield. |
| Date | 12:05:21, February 11, 2011 CET | From | New Aloria Party | To | Debating the Income tax proposal of June 3074 |
| Message | Mr. Speaker, If the current system is working wonderfully, why should we change it? I yield. |
| Date | 16:12:06, February 11, 2011 CET | From | Christian Democratic Party | To | Debating the Income tax proposal of June 3074 |
| Message | Mr. Speaker, The current system works on a flat tax of 1% tax for everyone, however, all necessary goods are taxed. Perhaps after the numbers come out from our government accounts we can get a better grasp on how to fix the system. I yield |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 582 | |||
| no |
Total Seats: 168 | |||
| abstain |
Total Seats: 0 |
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