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Bill: Income tax proposal of May 3305
Details
Submitted by[?]: Socialist Republican Party
Status[?]: defeated
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: January 3306
Description[?]:
| The Republican Party of Aloria propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Aloria. Based on the Logical People's original proposal. However edited slightly to take even more Alorians out of tax while still paying off the deficit and creating a surplus |
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 | 11% | 9,667,000,000 ALO |
| > 4,000 ALO | 15% | 23,387,000,000 ALO |
| > 8,000 ALO | 29% | 30,047,000,000 ALO |
| > 16,000 ALO | 40% | 10,988,000,000 ALO |
| > 25,000 ALO | 50% | 973,000,000 ALO | Total | 75,062,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 18:06:58, May 18, 2012 CET | From | Conservative Party | To | Debating the Income tax proposal of May 3305 |
| Message | Mr. Speaker, this party believes a 50% tax rate would stiffle investment into Aloria. |
| Date | 18:54:39, May 18, 2012 CET | From | Socialist Republican Party | To | Debating the Income tax proposal of May 3305 |
| Message | Mr. Spaeaker. 50% tax is not unusual or particularly high. It is also only be placed on the richest Alorians. by introducing the 50% rate we were able to lift many people out of tax entirely. |
| Date | 00:00:07, May 19, 2012 CET | From | Alorian Libertarian Party | To | Debating the Income tax proposal of May 3305 |
| Message | We wonder if the Republican Party has considered the probability that the rich will emigrate as a result of said tax policies? |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 64 | |||
| no | Total Seats: 95 | |||
| abstain |
Total Seats: 91 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "It depends upon what the meaning of the word 'is' is." - Bill Clinton |