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Bill: Income tax proposal of June 2598
Details
Submitted by[?]: The Liberal 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: December 2599
Description[?]:
| Small tax cut again. > 3000, 4000, 5000 LOD- All received a 1% tax cut. Very diverse. Middle class and upper class tax cut. |
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 | 5% | 715,000,000 LOD |
| > 850 LOD | 7% | 1,402,000,000 LOD |
| > 1,200 LOD | 11% | 5,034,000,000 LOD |
| > 2,000 LOD | 21% | 11,104,000,000 LOD |
| > 3,000 LOD | 22% | 9,143,000,000 LOD |
| > 4,000 LOD | 33% | 8,766,000,000 LOD |
| > 5,000 LOD | 35% | 8,410,000,000 LOD |
| > 6,500 LOD | 37% | 2,788,000,000 LOD |
| > 7,250 LOD | 39% | 8,121,000,000 LOD | Total | 55,483,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 130 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 20 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "In all recorded history there has not been one economist who has had to worry about where the next meal would come from." - Peter Drucker |