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Bill: Income tax proposal of February 2556
Details
Submitted by[?]: Gil's Green 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: October 2556
Description[?]:
| The Gil's Green 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 |
| > 600 LOD | 8% | 1,148,000,000 LOD |
| > 850 LOD | 10% | 2,009,000,000 LOD |
| > 1,200 LOD | 12% | 5,510,000,000 LOD |
| > 2,000 LOD | 20% | 10,611,000,000 LOD |
| > 3,000 LOD | 25% | 10,425,000,000 LOD |
| > 4,000 LOD | 31% | 8,264,000,000 LOD |
| > 5,000 LOD | 36% | 8,683,000,000 LOD |
| > 6,500 LOD | 45% | 3,405,000,000 LOD |
| > 7,250 LOD | 55% | 9,479,000,000 LOD |
| > 10,000 LOD | 60% | 2,208,000,000 LOD | Total | 61,742,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 11:39:52, April 04, 2008 CET | From | United Republics Party | To | Debating the Income tax proposal of February 2556 |
| Message | 60% bracket? yikes |
| Date | 15:28:02, April 04, 2008 CET | From |  Gil's Green party | To | Debating the Income tax proposal of February 2556 |
| Message | Poor people pay less, rich people pay more. |
| Date | 17:52:35, April 04, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of February 2556 |
| Message | That will create a deficit in the budget. |
| Date | 19:16:39, April 04, 2008 CET | From | Gil's Green party | To | Debating the Income tax proposal of February 2556 |
| Message | There will be no deficit in the budget, overall this is a small increase in income taxes. Currently we gather 121,011,774,481 LOD from income taxes, this bill raises that slightly to 122,708,000,000 LOD. |
| Date | 21:34:54, April 04, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of February 2556 |
| Message | My mistake, it does increase revenue. We just lowered taxes less than a year ago. Why increase taxes? We don't need to at this moment. |
| Date | 04:13:56, April 05, 2008 CET | From | Independent Republican Party | To | Debating the Income tax proposal of February 2556 |
| Message | How can you justify punishing people who work hard to earn their wealthy status by forcing them to pay 60% of their income in taxes to the government? That is not only excessive, it is robbery. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 12 | ||||||
| no |
Total Seats: 127 | ||||||
| abstain | Total Seats: 11 |
| Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
| Random quote: "Liberty means responsibility. That is why most men dread it." - George Bernard Shaw |