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Bill: Income tax proposal of August 3261
Details
Submitted by[?]: People's Party - Republican Democrats
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: April 3262
Description[?]:
| The Minister of Fiance, Mr Antonio Markopolski of the People's Party - The Aldegarian Liberals, proposes to adjust the government's income tax policy to better address the economic situation of the Third 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 |
| > 5,300 ACR | 1% | 96,000,000 ACR |
| > 5,600 ACR | 2% | 180,000,000 ACR |
| > 5,900 ACR | 3% | 254,000,000 ACR |
| > 6,200 ACR | 4% | 327,000,000 ACR |
| > 6,500 ACR | 5% | 381,000,000 ACR |
| > 6,800 ACR | 6% | 418,000,000 ACR |
| > 7,100 ACR | 7% | 453,000,000 ACR |
| > 7,400 ACR | 8% | 452,000,000 ACR |
| > 7,700 ACR | 9% | 470,000,000 ACR |
| > 8,000 ACR | 10% | 519,000,000 ACR |
| > 8,300 ACR | 11% | 550,000,000 ACR |
| > 8,600 ACR | 12% | 572,000,000 ACR |
| > 8,900 ACR | 13% | 584,000,000 ACR |
| > 9,200 ACR | 14% | 605,000,000 ACR |
| > 9,500 ACR | 15% | 613,000,000 ACR |
| > 9,800 ACR | 16% | 613,000,000 ACR |
| > 10,100 ACR | 17% | 564,000,000 ACR |
| > 10,400 ACR | 18% | 549,000,000 ACR |
| > 10,700 ACR | 19% | 488,000,000 ACR |
| > 11,000 ACR | 20% | 432,000,000 ACR |
| > 11,300 ACR | 21% | 400,000,000 ACR |
| > 11,600 ACR | 22% | 407,000,000 ACR |
| > 11,900 ACR | 23% | 425,000,000 ACR |
| > 12,200 ACR | 24% | 405,000,000 ACR |
| > 12,500 ACR | 25% | 421,000,000 ACR |
| > 12,800 ACR | 26% | 396,000,000 ACR |
| > 13,100 ACR | 27% | 408,000,000 ACR |
| > 13,400 ACR | 28% | 423,000,000 ACR |
| > 13,700 ACR | 29% | 438,000,000 ACR |
| > 14,000 ACR | 30% | 454,000,000 ACR |
| > 14,300 ACR | 31% | 469,000,000 ACR |
| > 14,600 ACR | 32% | 407,000,000 ACR |
| > 14,900 ACR | 33% | 389,000,000 ACR |
| > 15,200 ACR | 34% | 400,000,000 ACR |
| > 15,500 ACR | 35% | 412,000,000 ACR |
| > 15,800 ACR | 36% | 338,000,000 ACR |
| > 16,100 ACR | 37% | 248,000,000 ACR |
| > 16,400 ACR | 38% | 255,000,000 ACR |
| > 16,700 ACR | 39% | 242,000,000 ACR |
| > 17,000 ACR | 40% | 194,000,000 ACR |
| > 17,300 ACR | 41% | 137,000,000 ACR |
| > 17,600 ACR | 42% | 141,000,000 ACR |
| > 17,900 ACR | 43% | 144,000,000 ACR |
| > 18,200 ACR | 44% | 148,000,000 ACR |
| > 18,500 ACR | 45% | 151,000,000 ACR |
| > 18,800 ACR | 46% | 154,000,000 ACR |
| > 19,100 ACR | 47% | 158,000,000 ACR |
| > 19,400 ACR | 48% | 161,000,000 ACR |
| > 19,700 ACR | 49% | 98,000,000 ACR | Total | 17,943,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 10:22:38, February 20, 2012 CET | From | Social Democratic Party | To | Debating the Income tax proposal of August 3261 |
| Message | We oppose any income tax over the 40% mark, anything higher is deeply unethical. Taxing half of a persons earnings in tax? This cannot be justifiable. |
| Date | 10:39:55, February 20, 2012 CET | From | People's Party - Republican Democrats | To | Debating the Income tax proposal of August 3261 |
| Message | Nobody is paying half of their earnings in tax. Everyone's income is considered in different steps, and even in the highest tax bracket only the proportion of income which is above 19,700 ACR is taxed at 49%. |
| Date | 11:48:10, February 20, 2012 CET | From | Social Democratic Party | To | Debating the Income tax proposal of August 3261 |
| Message | 49% is tantamount to half of someone earnings, such a measure will remove the incentive to work hard, and earn promotions within the economy. In turn undermining competitiveness. |
| Date | 12:14:07, February 20, 2012 CET | From | People's Party - Republican Democrats | To | Debating the Income tax proposal of August 3261 |
| Message | The CDA fails to understand the principles of progressive taxation. Only that proportion of the income that is above 19,700 ACR is taxed at 49%, those proportions that are below that level are taxed at the appropriate rates for those brackets. |
| Date | 12:19:03, February 20, 2012 CET | From | Social Democratic Party | To | Debating the Income tax proposal of August 3261 |
| Message | Progressive taxation is simply code for taxing away peoples hard earned success. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 93 | |
| no | Total Seats: 62 | |
| abstain |
Total Seats: 20 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
| Random quote: "If God had wanted us to vote, he would have given us candidates." - Jay Leno |