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Bill: Income tax proposal of March 2440
Details
Submitted by[?]: Radical Nationalist 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: April 2442
Description[?]:
| The Nationalist Party propose to adjust the government's income tax policy to better address the economic situation of the United Kingdoms of Lodamun. Currently Lodamun is losing 7 million dollars a year, this will close that and ensure that we are around the break-even area. |
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 |
| > 525 LOD | 10% | 1,292,000,000 LOD |
| > 750 LOD | 19% | 5,999,000,000 LOD |
| > 1,300 LOD | 24% | 9,644,000,000 LOD |
| > 2,000 LOD | 29% | 15,387,000,000 LOD |
| > 3,000 LOD | 35% | 14,596,000,000 LOD |
| > 4,000 LOD | 38% | 10,129,000,000 LOD |
| > 5,000 LOD | 43% | 7,678,000,000 LOD |
| > 6,000 LOD | 46% | 9,331,000,000 LOD |
| > 8,000 LOD | 50% | 7,228,000,000 LOD | Total | 81,284,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 07:56:11, August 07, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of March 2440 |
| Message | This is a tax HIKE! We demand a slash in spending, not tax increases. |
| Date | 13:05:59, August 07, 2007 CET | From | Radical Nationalist Party | To | Debating the Income tax proposal of March 2440 |
| Message | With a growing population spending should be on the rise to compensate for the rising pressure put on the different departments. |
| Date | 21:41:40, August 07, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of March 2440 |
| Message | Is population going up? |
| Date | 00:28:49, August 08, 2007 CET | From | Radical Nationalist Party | To | Debating the Income tax proposal of March 2440 |
| Message | I believe it is, I am not sure if there is any actual way to prove it. |
| Date | 09:37:29, August 08, 2007 CET | From | The Unified Lodamun Party | To | Debating the Income tax proposal of March 2440 |
| Message | taxes should be stopped at 40 percent and should never go higher than that. Why would anyone in our country want to earn more money when half of it will be taxed. |
| Date | 11:50:35, August 10, 2007 CET | From | Radical Nationalist Party | To | Debating the Income tax proposal of March 2440 |
| Message | Currently we have a tax rate at 60%. |
| Date | 11:51:45, August 10, 2007 CET | From | Radical Nationalist Party | To | Debating the Income tax proposal of March 2440 |
| Message | So the ULP should see this tax system as an improvement on the current URP one. |
| Date | 05:16:55, August 11, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of March 2440 |
| Message | flatter taxes are fine, but let's not balance the budget on the backs of working-class lodamese. |
| Date | 13:52:50, August 11, 2007 CET | From | Radical Nationalist Party | To | Debating the Income tax proposal of March 2440 |
| Message | If we dont then our services will start to fail them and that will be of more consequence to them. |
| Date | 19:54:27, August 11, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of March 2440 |
| Message | we can provide more than enough service at our current high rate of taxation |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 301 | ||||
| no |
Total Seats: 250 | ||||
| abstain | Total Seats: 48 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "In politics, stupidity is not a handicap." - Napoleon Bonaparte |