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Bill: Loi no. II (Sur les impôts)
Details
Submitted by[?]: Bloc des Modérés
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: June 4895
Description[?]:
| These measures are motivated by the following considerations: 1. The income tax should be strongly progressive, while not being excessively harsh on higher incomes. 2. The law on profit sharing means that the surplus available for private investment is heavily restricted. For this reason, the corporation tax needs to be greatly reduced. 3. A secular society should treat religious income the same way as other revenue. |
Proposals
Article 1
Proposal[?] to change
Taxation of religious institutions.
Old value:: Recognized religions are not taxed.
Current: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Proposed: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 25
Proposed: 9
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 |
| > 5,000 ALD | 10% | 28,756,000,000 ALD |
| > 10,000 ALD | 20% | 119,883,000,000 ALD |
| > 22,500 ALD | 30% | 98,935,000,000 ALD |
| > 35,000 ALD | 40% | 72,513,000,000 ALD |
| > 50,000 ALD | 50% | 52,799,000,000 ALD | Total | 372,886,000,000 ALD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 555 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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