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Bill: Income tax proposal of November 4763
Details
Submitted by[?]: Liberale Partei
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 4764
Description[?]:
The Liberale Partei propose to adjust the government's income tax policy to better address the economic situation of the Teyrnas y Aloria / Köningriech Aloria (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 |
> 1,000 ALO | 10% | 37,606,000,000 ALO |
> 10,000 ALO | 35% | 18,028,000,000 ALO |
> 15,000 ALO | 45% | 12,586,000,000 ALO |
> 20,000 ALO | 50% | 3,573,000,000 ALO |
> 25,000 ALO | 52% | 1,014,000,000 ALO | Total | 72,807,000,000 ALO |
Debate
These messages have been posted to debate on this bill:
Date | 13:48:01, May 30, 2020 CET | From | Liberale Partei | To | Debating the Income tax proposal of November 4763 |
Message | Mr Speaker, As part of the effort to raise our surplus, we are putting the lowest tax bracket up by two pp. This means that if you earn 1000 ALO, you still get 900, so it will not deprive those on low incomes of their money. - Alice Powys MP, Finance Minister |
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Voting
Vote | Seats | |
yes |
Total Seats: 265 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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