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Bill: Income tax proposal of June 3113
Details
Submitted by[?]: New Aloria Party (NAP)
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: March 3114
Description[?]:
| The People's Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. "I have removed a tax bracket for the lowest incomes of Aloria, and done 2 percent tax hike on the first three tax brackets. Also a total of 25 percent tax hike on the highest 3 incomes of Aloria's bracket. The rich were giving a huge tax incresse once again, and the middle was given very small. This will boost our reveune system but, more cuts to the budget are coming. Nothing is going to be safe anymore, everything will be put on the table in my next budget until our budget crisis is stablized. Parliament will have to see everything is on the table from now one, more and more cuts won't be our soultion ever. I am sorry."-Bill Owens OOC: This is common sense, I've been told the population could go down to 40-50 million, we won't be able to only do budget cuts over and over again to stop a deficit and tax on the rich won't help either. Labour Party and RWP you need to see their is really no choice except to have a deficit (which is stupid). You apparently think I would do this in real life, no I wouldn't I'm agasint tax hikes really, except for the rich because they can afford it but sometimes cutting the budget won't be enough. |
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 |
| > 2,500 ALO | 7% | 9,807,000,000 ALO |
| > 5,000 ALO | 12% | 10,910,000,000 ALO |
| > 7,500 ALO | 17% | 9,673,000,000 ALO |
| > 10,000 ALO | 20% | 6,195,000,000 ALO |
| > 12,500 ALO | 25% | 5,126,000,000 ALO |
| > 15,000 ALO | 30% | 5,303,000,000 ALO |
| > 17,500 ALO | 35% | 3,589,000,000 ALO |
| > 20,000 ALO | 45% | 2,336,000,000 ALO |
| > 22,500 ALO | 50% | 963,000,000 ALO |
| > 25,000 ALO | 65% | 1,261,000,000 ALO | Total | 55,163,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 05:39:11, April 30, 2011 CET | From | Labour Party | To | Debating the Income tax proposal of June 3113 |
| Message | I've given up, we are spiralling out of control, lets just wait until better days come, let the deficit be. |
| Date | 05:57:53, April 30, 2011 CET | From | New Aloria Party (NAP) | To | Debating the Income tax proposal of June 3113 |
| Message | I'm moving to a vote. The Labour Party can vote no if they want, I compromised, they won't budge. |
| Date | 07:17:41, April 30, 2011 CET | From | Labour Party | To | Debating the Income tax proposal of June 3113 |
| Message | Why should I vote for something that won't put the budget in surplus? All it would too is decrease our debt, that means nothing now. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 399 | ||
| no |
Total Seats: 164 | ||
| abstain |
Total Seats: 187 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "The use of solar energy has not been opened up because the oil industry does not own the sun." - Ralph Nader |