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Bill: Income tax proposal of January 2487
Details
Submitted by[?]: Lodamun Libertarian 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: February 2488
Description[?]:
| The taxes are too high, and in regards to the budget we can afford cutting it |
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 |
| > 600 LOD | 10% | 1,434,000,000 LOD |
| > 850 LOD | 12% | 2,410,000,000 LOD |
| > 1,200 LOD | 14% | 6,425,000,000 LOD |
| > 2,000 LOD | 24% | 12,725,000,000 LOD |
| > 3,000 LOD | 26% | 10,837,000,000 LOD |
| > 4,000 LOD | 30% | 7,997,000,000 LOD |
| > 5,000 LOD | 33% | 7,959,000,000 LOD |
| > 6,500 LOD | 37% | 2,798,000,000 LOD |
| > 7,250 LOD | 40% | 8,362,000,000 LOD | Total | 60,947,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 16:58:28, November 16, 2007 CET | From | Lodamun Libertarian Party | To | Debating the Income tax proposal of January 2487 |
| Message | The rich and upper middle class are already taxed enough through the 18% luxury tax to need to pay as much as they do in income tax. |
| Date | 22:05:48, November 16, 2007 CET | From | Progressive Vision Party | To | Debating the Income tax proposal of January 2487 |
| Message | The PVP endorses this measure. |
| Date | 04:12:04, November 17, 2007 CET | From | The Common People's Party | To | Debating the Income tax proposal of January 2487 |
| Message | we support |
| Date | 06:16:57, November 17, 2007 CET | From | United Republics Party | To | Debating the Income tax proposal of January 2487 |
| Message | we agree as well. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 61 | |||||
| no | Total Seats: 33 | |||||
| abstain | Total Seats: 6 |
| Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
| Random quote: "Liberty means responsibility. That is why most men dread it." - George Bernard Shaw |