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Bill: 2nd Address of the Kingdom of Alduria's Budget
Details
Submitted by[?]: Market Socialist 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 not pass any sooner than the deadline.
Voting deadline: November 2152
Description[?]:
| The Market Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Alduria. Justification: As the minister of Finance I believe it is my duty to bring Alduria's assets into order. We have proposed to raise taxes for all brackets by one percent. This will raise an extra reveneau of 9.1 billion and in conjuction with my budget proposal we will reduce the debt incurred from 56.7 billion to 22.1 billion. This is a conservative estimate because I have not calculated the new corporate income tax. I would also like to let the other parties know that this tax should be considered temporary. I would like to reduce the taxes to their normal values after we have our budget back in the green. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 21
Proposed: 15
Article 2
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 |
| > 1,483 ALD | 7% | 8,939,000,000 ALD |
| > 3,707 ALD | 12% | 25,549,000,000 ALD |
| > 7,415 ALD | 19% | 78,598,000,000 ALD |
| > 14,829 ALD | 25% | 136,872,000,000 ALD |
| > 29,658 ALD | 30% | 88,759,000,000 ALD |
| > 50,000 ALD | 36% | 37,934,000,000 ALD | Total | 376,651,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
| Date | 20:09:24, December 04, 2005 CET | From | United Socialist Front | To | Debating the 2nd Address of the Kingdom of Alduria's Budget |
| Message | Sounds good. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 127 | ||||
| no |
Total Seats: 150 | ||||
| abstain |
Total Seats: 124 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "Soldiers are not the enemies of the movement. They're potential allies. They're more than that. Soldiers are the only people in America who are paying a stiff price for this war. Everybody else profits. Soldiers are the ones losing their lives, losing friends, having their lives disrupted. The real victims of American imperialism are its soldiers." - Fred Gardner |