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Bill: Income tax proposal of June 3756
Details
Submitted by[?]: National People's Front (NPF)
Status[?]: passed
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: February 3757
Description[?]:
The National Conservative Union propose to adjust the government's income tax policy to better address the economic situation of the Republic of Aloria. CURRENT INCOME TAX: 118,072,316,778 ALO PROPOSED INCOME TAX: 121,036,000,000 ALO CURRENT: A MAJORITY OF ALORIANS PAY 30%-40% IN INCOME TAXES PROPOSED: A MAJORITY OF ALORIANS PAY 20%-30% IN INCOME TAXES THE MIDDLE CLASS WILL BE PAYING LESS THE LOWER CLASS WILL BE PAYING LESS This Income Tax Reform is beneficial too all, and brings down tax rates will still bringing in more money through this complex proven working system. |
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 |
> 850 ALO | 10% | 6,751,000,000 ALO |
> 2,000 ALO | 20% | 23,428,000,000 ALO |
> 4,000 ALO | 25% | 23,433,000,000 ALO |
> 6,000 ALO | 30% | 18,606,000,000 ALO |
> 8,000 ALO | 35% | 15,531,000,000 ALO |
> 10,000 ALO | 36% | 9,490,000,000 ALO |
> 12,000 ALO | 38% | 23,628,000,000 ALO | Total | 120,867,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||
yes |
Total Seats: 415 | |||
no | Total Seats: 0 | |||
abstain |
Total Seats: 85 |
Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
Random quote: "Power corrupts, and absolute power corrupts absolutely." - John Dalberg-Acton |