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Bill: Income tax proposal of July 2363
Details
Submitted by[?]: Machiavellian Party
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: March 2364
Description[?]:
The Machiavellian Party propose to adjust the government's income tax policy to better address the economic situation of the Five Nations of Lodamun. |
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 LOD | 10% | 8,512,000,000 LOD |
> 2,500 LOD | 13% | 12,181,000,000 LOD |
> 5,000 LOD | 16% | 5,452,000,000 LOD |
> 7,500 LOD | 19% | 2,821,000,000 LOD |
> 10,000 LOD | 22% | 772,000,000 LOD |
> 12,500 LOD | 25% | 43,000,000 LOD | Total | 29,781,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
Date | 16:34:45, February 21, 2007 CET | From | Machiavellian Party | To | Debating the Income tax proposal of July 2363 |
Message | The benefits of getting a better paid job are severaly limited by the current system. This enourages people to do lower status jobs, since the potential material gain is lowered by repressive taxation This system will mean those who earn more pay more, without all their money being taken by the state, thus encouraging people to claim benefits or not follow up their education |
Date | 16:38:27, February 21, 2007 CET | From | Machiavellian Party | To | Debating the Income tax proposal of July 2363 |
Message | If you would support a reduction, but not to this extent, inform me of how much (so if this fails i can at least reduce taxation to an acceptable level |
Date | 17:58:26, February 21, 2007 CET | From | Orange Liberty Party | To | Debating the Income tax proposal of July 2363 |
Message | I think the idea of this bill is good, but I would make some changes to the numbers. Looking at the current budget (http://80.237.164.51/particracy/main/budget.php?nationid=19), we have an $8.5M surplus, but this budget would cut revenue by approximately $40M. I like the cutoffs at every $2500, but think possibly cutoffs at $2000 might work better. I'm going to research some of this. As this bill stands, I must disagree, but I concur with the concept of a tax adjustment. |
Date | 18:34:55, February 21, 2007 CET | From | Orange Liberty Party | To | Debating the Income tax proposal of July 2363 |
Message | as I said in the other thread, nevermind. As long as the budget is balanced, the OLP will support the Finance Minister's suggestions. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 393 | |||
no |
Total Seats: 120 | |||
abstain |
Total Seats: 237 |
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