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Bill: Income tax proposal of February 2459
Details
Submitted by[?]: Lodamun Autonomous Republican Party
Status[?]: defeated
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: May 2460
Description[?]:
| The Lodamun Autonomous Republican Party propose to adjust the government's income tax policy to better address the economic situation of the United Republics 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 |
| > 525 LOD | 10% | 1,291,000,000 LOD |
| > 750 LOD | 10% | 3,155,000,000 LOD |
| > 1,300 LOD | 14% | 5,622,000,000 LOD |
| > 2,000 LOD | 20% | 10,603,000,000 LOD |
| > 3,000 LOD | 22% | 9,169,000,000 LOD |
| > 4,000 LOD | 24% | 6,397,000,000 LOD |
| > 5,000 LOD | 26% | 4,643,000,000 LOD |
| > 6,000 LOD | 40% | 8,109,000,000 LOD |
| > 8,000 LOD | 50% | 7,225,000,000 LOD | Total | 56,214,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 06:06:19, September 23, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of February 2459 |
| Message | I'm in favor of tax cuts, but the sharp increase on those earning over 5000 LOD is less than desirable. Perhaps we should consider an across-the-board tax cut. |
| Date | 15:30:44, September 23, 2007 CET | From | Lodamun Autonomous Republican Party | To | Debating the Income tax proposal of February 2459 |
| Message | None of the changes are increases, the >5000 tax remains what it has been for some time. |
| Date | 19:18:40, September 23, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of February 2459 |
| Message | you're making the tax system less flat. The URP demands more tax cuts for the wealthy. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 139 | ||||
| no |
Total Seats: 341 | ||||
| abstain |
Total Seats: 98 |
| Random fact: Party organizations are eligible for deletion if they are over 50 in-game years old, do not have at least 1 active member or are historically significant and possess historically significant information. |
| Random quote: "Capitalism and communism stand at opposite poles. Their essential difference is this: the communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'" - Phelps Adams |