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Bill: Income tax proposal of September 3916
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: May 3917
Description[?]:
| The Nationale Volksfront (NVF) propose to adjust the government's income tax policy to better address the economic situation of the Demokratische Republik Aloria. This will lower taxes for a vast majority of Alorians, and bring down the insane 49% high bracket to 40%. This also makes it where a majority of Alorians will only pay 5% to 20% in Income Taxes. This cuts taxes by 5 billion, to which I will propose a small increase in the very low luxury taxation. |
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 | 5% | 3,380,000,000 ALO |
| > 2,000 ALO | 10% | 8,817,000,000 ALO |
| > 3,500 ALO | 15% | 12,220,000,000 ALO |
| > 5,000 ALO | 20% | 15,316,000,000 ALO |
| > 7,000 ALO | 25% | 9,787,000,000 ALO |
| > 8,500 ALO | 30% | 9,689,000,000 ALO |
| > 10,000 ALO | 35% | 18,044,000,000 ALO |
| > 15,000 ALO | 40% | 14,833,000,000 ALO | Total | 92,086,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 395 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 150 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "If it were proved to me that in making war, my ideal had a chance of being realized, I would still say 'No' to war, for one does not create human society on mounds of corpses." - Louis Lecoin |