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Bill: Tax Reform Act 4225
Details
Submitted by[?]: Les Conservateurs
Status[?]: passed
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: November 4225
Description[?]:
| The Les Republicains propose to adjust the government's income tax policy to better address the economic situation of the République d'Aldurie (Republic of Alduria). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 29
Current: 21
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 0
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 |
| > 10,000 ALD | 15% | 41,130,000,000 ALD |
| > 15,000 ALD | 20% | 45,493,000,000 ALD |
| > 20,000 ALD | 25% | 79,871,000,000 ALD |
| > 30,000 ALD | 28% | 51,462,000,000 ALD |
| > 40,000 ALD | 33% | 34,367,000,000 ALD |
| > 50,000 ALD | 37% | 37,810,000,000 ALD |
| > 70,000 ALD | 39% | 1,259,000,000 ALD | Total | 291,392,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:57:29, June 11, 2017 CET | From | Les Conservateurs | To | Debating the Tax Reform Act 4225 |
| Message | This budget is intended to reduce the income tax burden on the population, increase investments in our economy, introduce for the first time an essential goods tax at the lowest rate possible and cut on government wastage. |
| Date | 23:05:53, June 11, 2017 CET | From | The Taylorist Party | To | Debating the Tax Reform Act 4225 |
| Message | We can settle for this for now. |
| Date | 23:25:10, June 11, 2017 CET | From | Reconstruire l'ancien (RA) | To | Debating the Tax Reform Act 4225 |
| Message | Public spending needs to be increased, but the tax bracket is simply too low for the rich, so we vote no |
| Date | 00:41:56, June 12, 2017 CET | From | Bloc Aldurien | To | Debating the Tax Reform Act 4225 |
| Message | I believe this reduction is in line with the economic growth we expect. Nous soutiendrons ce projet. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 286 | |||
| no | Total Seats: 149 | |||
| abstain |
Total Seats: 0 |
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