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Bill: Income tax proposal of September 2618
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: May 2619
Description[?]:
| Let's try it again. Very comprehensive and distributed tax increase. Everything is going to be used for Education and Health. |
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% | 3,098,000,000 LOD |
| > 1,800 LOD | 15% | 5,876,000,000 LOD |
| > 2,500 LOD | 20% | 2,601,000,000 LOD |
| > 2,750 LOD | 23% | 2,832,000,000 LOD |
| > 3,000 LOD | 25% | 5,719,000,000 LOD |
| > 3,500 LOD | 26% | 4,889,000,000 LOD |
| > 4,000 LOD | 27% | 4,151,000,000 LOD |
| > 4,500 LOD | 28% | 3,159,000,000 LOD |
| > 5,000 LOD | 29% | 2,843,000,000 LOD |
| > 5,500 LOD | 30% | 2,417,000,000 LOD |
| > 6,000 LOD | 33% | 2,066,000,000 LOD |
| > 6,500 LOD | 34% | 2,405,000,000 LOD |
| > 7,200 LOD | 35% | 1,006,000,000 LOD |
| > 7,500 LOD | 36% | 1,464,000,000 LOD |
| > 8,000 LOD | 37% | 5,347,000,000 LOD | Total | 50,906,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 10:02:47, August 09, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of September 2618 |
| Message | This budget increases income by 50 billion LOD, nearly doubling gross income of individual income taxes. such a shock to our economy will cause drastically lower consumer spending. We want better education for the people of Lodamun, but the solution is to be more efficient in HOW we spend our money, rather than attempting to build a socialist state. |
| Date | 16:41:48, August 09, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of September 2618 |
| Message | We had them like this before and it was not a problem, now, it is not going to be a problem. Yes, consumer spending is going to decrease but it is going to be made up instantly by government spending, the only sure number when calculating the GDP. |
| Date | 03:32:14, August 10, 2008 CET | From | Collectivist Party of Lodamun | To | Debating the Income tax proposal of September 2618 |
| Message | This is a good proposal and we will happily support. In the future we hope the top tax rate would be somewhere closer to 60%. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 67 | |||
| no | Total Seats: 26 | |||
| abstain |
Total Seats: 26 |
| Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
| Random quote: "I think you should defend to the death their right to march, and then go down and meet them with baseball bats." - Woody Allen, on the Ku Klux Klan |