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Bill: Suggestion for a New Income Tax Policy
Details
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 2378
Description[?]:
| If the New Finance Minister supports we shall put this to vote. If he propose his own, we will back. Currently only 4.9% of the GDP is spent by the government, we propose increasing that to nearly 25%, with the aim of increasing that to betwen 40% and 50%, so as to allow us to expand the size of the state. |
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 |
| > 500 LOD | 15% | 4,305,000,000 LOD |
| > 1,000 LOD | 20% | 11,480,000,000 LOD |
| > 2,000 LOD | 25% | 23,690,000,000 LOD |
| > 4,000 LOD | 30% | 19,438,000,000 LOD |
| > 8,000 LOD | 35% | 5,059,000,000 LOD | Total | 63,972,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 175 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 150 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "I realize that a life predicated on being obedient and taking orders is a very comfortable life indeed. Living in such a way reduces to a minimum one's need to think." - Adolf Eichmann |