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Bill: Income tax proposal of December 3697
Details
Submitted by[?]: Labor 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: November 3698
Description[?]:
| The Labor Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Aloria. |
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 |
| > 1 ALO | 10% | 5,866,000,000 ALO |
| > 1,000 ALO | 13% | 7,633,000,000 ALO |
| > 2,000 ALO | 14% | 8,221,000,000 ALO |
| > 3,000 ALO | 15% | 8,766,000,000 ALO |
| > 4,000 ALO | 18% | 9,413,000,000 ALO |
| > 5,000 ALO | 19% | 7,875,000,000 ALO |
| > 6,000 ALO | 35% | 12,261,000,000 ALO |
| > 7,000 ALO | 36% | 9,713,000,000 ALO |
| > 8,000 ALO | 37% | 8,692,000,000 ALO |
| > 9,000 ALO | 38% | 7,931,000,000 ALO |
| > 10,000 ALO | 39% | 34,501,000,000 ALO | Total | 120,872,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 14:14:13, July 18, 2014 CET | From | Social Liberal Party | To | Debating the Income tax proposal of December 3697 |
| Message | Is it really necessary that many brackets? Social Liberal Party supports the idea of Progressive Taxation, however 11 different brackets make it really difficult to calculate the wage after taxes. Social Liberal Party proposes that there are 3-4 main brackets instead with lowest being 10% as proposed and highest being 35-40%. Of course, exact percentages and increase levels are a subject of discussion. |
| Date | 11:44:29, July 19, 2014 CET | From | Progressive Futurists | To | Debating the Income tax proposal of December 3697 |
| Message | We must agree with the Social Liberals, this is a massive over-complication of income tax, progressive taxation of course - but let's have fewer brackets, and let's set some of the brackets at much higher levels |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 214 | |||
| no |
Total Seats: 500 | |||
| abstain | Total Seats: 36 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "Since a politician never believes what he says, he is quite surprised to be taken at his word." Charles De Gaulle (1890 - 1970) |