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Bill: Income tax proposal of February 2616
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: October 2616
Description[?]:
| The 4,000 LOD bracket is gone but now those making >4,000 LOD will pay only 15% instead of 16%. |
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 | 3% | 1,033,000,000 LOD |
| > 1,200 LOD | 9% | 8,902,000,000 LOD |
| > 3,000 LOD | 15% | 10,250,000,000 LOD |
| > 5,000 LOD | 19% | 4,582,000,000 LOD |
| > 6,500 LOD | 20% | 5,693,000,000 LOD | Total | 30,460,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 77 | |||
| no | Total Seats: 19 | |||
| abstain | Total Seats: 54 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "In politics, madame, you need two things: friends, but above all an enemy." - Brian Mulroney |