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Bill: Income tax proposal of July 2607
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: March 2608
Description[?]:
| You already know what's coming: >5,000 LOD-Received a 1% 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 | 4% | 573,000,000 LOD |
| > 850 LOD | 7% | 1,403,000,000 LOD |
| > 1,200 LOD | 11% | 5,039,000,000 LOD |
| > 2,000 LOD | 21% | 11,115,000,000 LOD |
| > 3,000 LOD | 22% | 9,153,000,000 LOD |
| > 4,000 LOD | 30% | 7,980,000,000 LOD |
| > 5,000 LOD | 34% | 8,180,000,000 LOD |
| > 6,500 LOD | 31% | 2,339,000,000 LOD |
| > 7,250 LOD | 37% | 7,726,000,000 LOD | Total | 53,508,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 23:37:46, July 17, 2008 CET | From | Republican Party of Lodamun | To | Debating the Income tax proposal of July 2607 |
| Message | I recognise that the WFP do not want to continue the boom in our economy? Why is that so? |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 82 | ||||
| no | Total Seats: 17 | ||||
| abstain | Total Seats: 51 |
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| Random quote: "Poetry is about the grief; politics is about the grievance." - Robert Frost |