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Bill: Income tax proposal of January 2364
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: September 2364
Description[?]:
| The Machiavellian Party propose to adjust the government's income tax policy as we now have a reasonable surplus. |
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 | 8% | 6,805,000,000 LOD |
| > 2,500 LOD | 11% | 10,302,000,000 LOD |
| > 5,000 LOD | 14% | 4,769,000,000 LOD |
| > 7,500 LOD | 17% | 2,522,000,000 LOD |
| > 10,000 LOD | 20% | 702,000,000 LOD |
| > 12,500 LOD | 23% | 40,000,000 LOD | Total | 25,140,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:26:56, February 22, 2007 CET | From | Orange Liberty Party | To | Debating the Income tax proposal of January 2364 |
| Message | This seems like a reasonable adjustment, which even with the pending reduction of the corporation tax rate would still leave us with a reasonable surplus in case it is needed. |
| Date | 18:28:01, February 22, 2007 CET | From | Orange Liberty Party | To | Debating the Income tax proposal of January 2364 |
| Message | This seems like a reasonable adjustment, which even with the pending reduction of the corporation tax rate would still leave us with a reasonable surplus in case it is needed. Julius Hayden Secretary of Finance, Orange Liberty Party |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 408 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 342 |
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