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Bill: Income tax proposal of December 2213
Details
Submitted by[?]: Progressive Conservatives
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: August 2214
Description[?]:
| The Progressive Conservatives propose to adjust the government's income tax policy to better address the economic situation of the Republic of Aldegar. |
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 |
| > 4,000 ACR | 23% | 12,833,000,000 ACR |
| > 5,500 ACR | 26% | 10,053,000,000 ACR |
| > 6,900 ACR | 30% | 10,081,000,000 ACR |
| > 8,700 ACR | 34% | 9,757,000,000 ACR |
| > 11,000 ACR | 37% | 11,518,000,000 ACR | Total | 54,242,000,000 ACR |
Debate
These messages have been posted to debate on this bill:
| Date | 02:13:18, April 14, 2006 CET | From | Republican Party | To | Debating the Income tax proposal of December 2213 |
| Message | The Republican Party's previous tax structure was not as harsh as these brackets are, and furthermore we would have made more income. |
| Date | 08:16:03, April 14, 2006 CET | From | Progressive Conservatives | To | Debating the Income tax proposal of December 2213 |
| Message | The Republicans' previous proposal provided only slightly more tax income than this proposal (by about 2%) but put too much burden on the poor. We fail to see how this proposal is "harsh" considering that it dramatically reduces the burden on the poor while only slightly increasing taxes for only those among the richest in the nation. |
| Date | 19:18:24, April 14, 2006 CET | From | Fenner Brockway Socialist Party | To | Debating the Income tax proposal of December 2213 |
| Message | We support this proposal. |
| Date | 20:48:38, April 14, 2006 CET | From |  Ducal Delegation | To | Debating the Income tax proposal of December 2213 |
| Message | We prefer the existing, 'flat rate' tax system. Percy Waterman (Personal Secretary to the Grand Duke of Hikirena) |
| Date | 06:53:16, April 15, 2006 CET | From | Progressive Conservatives | To | Debating the Income tax proposal of December 2213 |
| Message | The "flat rate" tax system would work well where there was little disparity between the rich and the poor. Sadly, that is not the case in Aldegar. "Flat rate" does not benefit the poor: 30% of a poor man's income is a much higher opportunity cost than 30% of a rich man's income. "Flat rate" also does not benefit the rich: it furthers disparity and increases poverty, which lead to an overall decline in the prosperity, health, and safety of the state. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 215 | ||||
| no |
Total Seats: 41 | ||||
| abstain |
Total Seats: 119 |
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