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Bill: Income tax proposal of June 3753
Details
Submitted by[?]: Nouveau Parti Libéral
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: October 3754
Description[?]:
| This tax reform will great welcome entrepreneurship and social justice, as those who have more money will have to pay more taxes, but also, everyone will pay taxes. it is very simple, as you win more money, you pay 2% in crease in all brackets, I could have continue it, but as the highest Salary in our nation is 73459 $ or around, I do not see the number to increase taxes even further, the abolition of the sales taxes will have a good effect on our economy, this will help support highers income taxes. I am welcome to hear complain and critics. The bonus in the Bonus will be spend in agriculture, environment and , area that are being left down by our last budget, we are finding extra money to spend more in here. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 21
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 13
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 0
Proposed: 0
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% | 22,967,000,000 ALD |
| > 2,000 ALD | 22% | 25,276,000,000 ALD |
| > 4,000 ALD | 22% | 25,276,000,000 ALD |
| > 6,000 ALD | 26% | 29,872,000,000 ALD |
| > 8,000 ALD | 28% | 32,169,000,000 ALD |
| > 10,000 ALD | 30% | 34,327,000,000 ALD |
| > 12,000 ALD | 32% | 34,437,000,000 ALD |
| > 14,000 ALD | 34% | 35,234,000,000 ALD |
| > 16,000 ALD | 36% | 33,025,000,000 ALD |
| > 18,000 ALD | 38% | 32,019,000,000 ALD |
| > 20,000 ALD | 40% | 31,464,000,000 ALD |
| > 22,000 ALD | 42% | 29,144,000,000 ALD |
| > 24,000 ALD | 44% | 27,880,000,000 ALD |
| > 26,000 ALD | 46% | 26,711,000,000 ALD |
| > 28,000 ALD | 48% | 24,001,000,000 ALD |
| > 30,000 ALD | 50% | 23,347,000,000 ALD |
| > 32,000 ALD | 52% | 21,535,000,000 ALD |
| > 34,000 ALD | 54% | 20,037,000,000 ALD |
| > 36,000 ALD | 56% | 17,508,000,000 ALD |
| > 38,000 ALD | 58% | 15,843,000,000 ALD |
| > 40,000 ALD | 60% | 14,557,000,000 ALD |
| > 42,000 ALD | 62% | 14,382,000,000 ALD |
| > 44,000 ALD | 64% | 13,127,000,000 ALD |
| > 46,000 ALD | 66% | 12,187,000,000 ALD |
| > 48,000 ALD | 68% | 12,041,000,000 ALD |
| > 50,000 ALD | 70% | 11,503,000,000 ALD |
| > 52,000 ALD | 72% | 10,470,000,000 ALD |
| > 54,000 ALD | 74% | 10,249,000,000 ALD |
| > 56,000 ALD | 76% | 9,974,000,000 ALD |
| > 58,000 ALD | 78% | 9,038,000,000 ALD |
| > 60,000 ALD | 80% | 28,704,000,000 ALD | Total | 688,304,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 119 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 381 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "Politics is the art of postponing decisions until they are no longer relevant." - Henri Queuille |