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Bill: Income tax proposal of August 3998
Details
Submitted by[?]: Conservative
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: April 3999
Description[?]:
| The Conservative propose to adjust the government's income tax policy to better address the economic situation of the Demokratische Republik Aloria. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 5
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 21
Current: 25
Proposed: 20
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 |
| > 2,500 ALO | 5% | 2,204,000,000 ALO |
| > 3,250 ALO | 10% | 5,777,000,000 ALO |
| > 4,250 ALO | 15% | 5,754,000,000 ALO |
| > 5,000 ALO | 20% | 18,204,000,000 ALO |
| > 7,500 ALO | 25% | 14,242,000,000 ALO |
| > 10,000 ALO | 30% | 15,463,000,000 ALO |
| > 15,000 ALO | 35% | 12,982,000,000 ALO | Total | 74,626,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes | Total Seats: 145 | ||||||
| no |
Total Seats: 370 | ||||||
| abstain | Total Seats: 0 |
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