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Bill: Income tax proposal of July 2608
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 2609
Description[?]:
| Tax cuts again. >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% | 1,404,000,000 LOD |
| > 1,200 LOD | 11% | 5,043,000,000 LOD |
| > 2,000 LOD | 21% | 11,124,000,000 LOD |
| > 3,000 LOD | 22% | 9,160,000,000 LOD |
| > 4,000 LOD | 30% | 7,986,000,000 LOD |
| > 5,000 LOD | 33% | 7,948,000,000 LOD |
| > 6,500 LOD | 31% | 2,342,000,000 LOD |
| > 7,250 LOD | 37% | 7,726,000,000 LOD | Total | 53,306,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 20:24:56, July 19, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of July 2608 |
| Message | We only need 60 votes to pass it. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 70 | |||
| no | Total Seats: 13 | |||
| abstain | Total Seats: 36 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "I think it's about time we voted for senators with breasts. After all, we've been voting for boobs long enough." - Clarie Sargent |