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Bill: Income tax proposal of November 3896
Details
Submitted by[?]: Plaid Geidwadol Traddodiadol (PGT)
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: December 3901
Description[?]:
| The Plaid Geidwadol Traddodiadol (AAR) propose to adjust the government's income tax policy to better address the economic situation of the Kingdom of Aloria (Teyrnas Loer). |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 15
Proposed: 1
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 16
Current: 5
Proposed: 10
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 |
| > 5,641 ALO | 5% | 2,050,000,000 ALO |
| > 6,737 ALO | 7% | 2,190,000,000 ALO |
| > 7,833 ALO | 10% | 2,607,000,000 ALO |
| > 8,929 ALO | 11% | 2,528,000,000 ALO |
| > 10,025 ALO | 13% | 2,351,000,000 ALO |
| > 11,211 ALO | 15% | 2,935,000,000 ALO |
| > 13,313 ALO | 17% | 1,515,000,000 ALO |
| > 14,409 ALO | 19% | 1,592,000,000 ALO |
| > 15,505 ALO | 21% | 1,723,000,000 ALO |
| > 16,601 ALO | 23% | 1,531,000,000 ALO |
| > 17,697 ALO | 25% | 1,240,000,000 ALO |
| > 18,803 ALO | 27% | 3,613,000,000 ALO | Total | 25,875,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 21:24:50, September 02, 2015 CET | From | Plaid Geidwadol Traddodiadol (PGT) | To | Debating the Income tax proposal of November 3896 |
| Message | Mr. Speaker, Will tax reduction be at all a possibility with the current makeup of the Senate? We would be very eager to compromise. I yield. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 261 | |||
| no | Total Seats: 198 | |||
| abstain | Total Seats: 86 |
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