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Bill: Income tax proposal of May 3922
Details
Submitted by[?]: National People's Front (NPF)
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: January 3923
Description[?]:
| The National People's Front (NPF) propose to adjust the government's income tax policy to better address the economic situation of the Demokratische Republik Aloria. SMALL CHANGES 850 Bracket -> 800 Bracket (5% Bracket) 2,000 Bracket -> 1,850 Bracket (10% Bracket) 15,000 Bracket -> 14,000 Bracket (40% Bracket) These tiny modifications are being proposed from my original tax plan, these changes will eliminate the debt. What these changes do is include a few more people within the 5% bracket, and some people in the 5% bracket will be moved to the 10% bracket. Most income will be taken from lowering the income required to fall into the 40% bracket. Very little changes will affect either sides, I chose to do these sides rather than effect the middle class. |
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 |
| > 800 ALO | 5% | 3,085,000,000 ALO |
| > 1,850 ALO | 10% | 9,695,000,000 ALO |
| > 3,500 ALO | 15% | 12,214,000,000 ALO |
| > 5,000 ALO | 20% | 15,309,000,000 ALO |
| > 7,000 ALO | 25% | 9,784,000,000 ALO |
| > 8,500 ALO | 30% | 9,686,000,000 ALO |
| > 10,000 ALO | 35% | 15,320,000,000 ALO |
| > 14,000 ALO | 40% | 17,928,000,000 ALO | Total | 93,021,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
| Date | 03:53:11, October 15, 2015 CET | From |  National People's Front (NPF) | To | Debating the Income tax proposal of May 3922 |
| Message | These little changes will remove our deficit, my original tax plan was generous and cut taxes across the board, and this tax plan still is generous. To prevent debt, I ask the senate to pass this plan. |
| Date | 11:14:21, October 15, 2015 CET | From | Alorian Liberty Alliance (ALA) | To | Debating the Income tax proposal of May 3922 |
| Message | We're for luxury goods tax increase instead |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 172 | |||
| no |
Total Seats: 219 | |||
| abstain |
Total Seats: 259 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Every month we do not have an economic recovery package, 500 million Americans lose their jobs." - Nancy Pelosi |