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Bill: Income tax proposal of October 3516
Details
Submitted by[?]: New Latin 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 3517
Description[?]:
| The New Latin Party propose to adjust the government's income tax policy to better address the economic situation of the Allied States of Aloria. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 15
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 25
Proposed: 30
Article 3
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 |
| > 3,000 ALO | 4% | 3,438,000,000 ALO |
| > 4,500 ALO | 8% | 8,109,000,000 ALO |
| > 7,000 ALO | 12% | 14,750,000,000 ALO |
| > 15,000 ALO | 16% | 4,476,000,000 ALO |
| > 20,000 ALO | 20% | 1,819,000,000 ALO | Total | 32,592,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 21:42:07, July 17, 2013 CET | From | Socialist Alliance | To | Debating the Income tax proposal of October 3516 |
| Message | Regressive sales taxes disproportionately hurt the poor, we cannot support this |
| Date | 07:37:46, July 18, 2013 CET | From | Independence Party | To | Debating the Income tax proposal of October 3516 |
| Message | Minor parties have no place in dictating the running of the economy. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 0 | |||
| no |
Total Seats: 750 | |||
| abstain |
Total Seats: 0 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "The more you observe politics, the more you've got to admit that each party is worse than the other." - Will Rogers |