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Bill: Income tax proposal of January 2471
Details
Submitted by[?]: Lodamun Autonomous Republican 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: October 2473
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 | 5% | 646,000,000 LOD |
> 750 LOD | 12% | 3,790,000,000 LOD |
> 1,300 LOD | 18% | 7,235,000,000 LOD |
> 2,000 LOD | 23% | 12,207,000,000 LOD |
> 3,000 LOD | 28% | 11,681,000,000 LOD |
> 4,000 LOD | 33% | 8,801,000,000 LOD |
> 5,000 LOD | 38% | 6,788,000,000 LOD |
> 6,000 LOD | 41% | 8,318,000,000 LOD |
> 8,000 LOD | 45% | 6,507,000,000 LOD |
Total | 65,973,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
Date | 03:29:39, October 17, 2007 CET |
From | The Common People's Party | To | Debating the Income tax proposal of January 2471 | Message | we could cut education more, considering there are no public k-12 schools(pending legislation), and we could possibly privatize the institutes of higher learning. And eliminate all healthcare budget, considering there is no public health care system, nor any government subsidies. |
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Vote |
Seats |
yes | Total Seats: 370 |
no | Total Seats: 83 |
abstain | Total Seats: 146 |
Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
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