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Bill: The Tax Act
Details
Submitted by[?]: Liberal National 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: June 3494
Description[?]:
| The Liberal Party of Alduria propose to adjust the government's income tax policy to better address the economic situation of the Alduria. Current > 1,000 ALD. 5% ,11,499,115,400 ALD > 5,000 ALD, 10%, 31,622,567,500 ALD > 10,500 ALD, 20%, 94,675,545,085 ALD > 20,000 ALD, 30%, 151,148,071,087 ALD > 40,000 ALD, 40%, 83,945,561,825 ALD Total 372,890,860,897 ALD This will be a tax cut will be balanced with small tax increases which is "tax neutral" meaning the tax cuts are larger than the tax increases. The tax payers will get to keep $14,747,806,897 ALD of the money earn. We are willing to talk about tax percentage of the profit made by corporations but the others still will stand. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 0
Proposed: 20
Article 4
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 ALD | 20% | 358,213,000,000 ALD | Total | 358,213,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:14:32, May 31, 2013 CET | From | Impériale Avant-garde d'Alduria | To | Debating the The Tax Act |
| Message | Honorable Speaker, This bills is an attack against the people. You are giving more power to the rich while taking more away from the poor. We can not agree with this proposal. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 0 | ||||||
| no |
Total Seats: 615 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Before choosing a nation, you may wish to research it first. For more information on the cultural backgrounds of the nations, please see the Cultural Protocols Index: http://forum.particracy.net/viewtopic.php?f=11&t=6365 |
| Random quote: "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes |