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Bill: Income tax proposal of November 4097
Details
Submitted by[?]: Alorian Labor Party (ALP)
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: July 4098
Description[?]:
| The The Labor Party propose to adjust the government's income tax policy to better address the economic situation of the Demokratische Republik Aloria. |
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 |
| > 500 ALO | 5% | 294,000,000 ALO |
| > 600 ALO | 5% | 294,000,000 ALO |
| > 700 ALO | 5% | 294,000,000 ALO |
| > 800 ALO | 10% | 588,000,000 ALO |
| > 900 ALO | 10% | 588,000,000 ALO |
| > 1,000 ALO | 10% | 5,877,000,000 ALO |
| > 2,000 ALO | 15% | 4,407,000,000 ALO |
| > 2,500 ALO | 15% | 4,407,000,000 ALO |
| > 3,000 ALO | 15% | 4,407,000,000 ALO |
| > 3,500 ALO | 20% | 5,822,000,000 ALO |
| > 4,000 ALO | 20% | 5,498,000,000 ALO |
| > 4,500 ALO | 20% | 4,970,000,000 ALO |
| > 5,000 ALO | 20% | 8,296,000,000 ALO |
| > 6,000 ALO | 25% | 8,765,000,000 ALO |
| > 7,000 ALO | 25% | 6,751,000,000 ALO |
| > 8,000 ALO | 25% | 5,878,000,000 ALO |
| > 9,000 ALO | 30% | 6,266,000,000 ALO |
| > 10,000 ALO | 30% | 4,792,000,000 ALO |
| > 11,000 ALO | 35% | 3,641,000,000 ALO |
| > 12,000 ALO | 40% | 3,614,000,000 ALO |
| > 13,000 ALO | 45% | 3,757,000,000 ALO |
| > 14,000 ALO | 50% | 3,882,000,000 ALO |
| > 15,000 ALO | 50% | 18,520,000,000 ALO | Total | 111,608,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 329 | ||
| no |
Total Seats: 170 | ||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "A Bill of Rights that means what the majority wants it to mean is worthless." - Antonin Scalia |