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Bill: Shadow Income tax proposal of October 2618
Details
Submitted by[?]: Holy Eliyahu Confession
Status[?]: defeated
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: September 2619
Description[?]:
| The Lodamun Christian Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the United Republics of Lodamun. |
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 |
| > 650 LOD | 3% | 601,000,000 LOD |
| > 1,000 LOD | 10% | 8,483,000,000 LOD |
| > 2,500 LOD | 15% | 5,546,000,000 LOD |
| > 3,250 LOD | 22% | 12,407,000,000 LOD |
| > 5,000 LOD | 25% | 8,485,000,000 LOD |
| > 7,500 LOD | 29% | 3,079,000,000 LOD |
| > 9,000 LOD | 33% | 2,583,000,000 LOD | Total | 41,184,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 11:43:19, August 09, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Shadow Income tax proposal of October 2618 |
| Message | In conjunction with our proposed budget and our proposed cuts to luxury goods and corporate tax, our comprehensive budget would provide for a total surplus of almost 2 billion dollars. |
| Date | 16:39:41, August 09, 2008 CET | From | The Liberal Party | To | Debating the Shadow Income tax proposal of October 2618 |
| Message | Does not give enough revenue. You are raising the taxes on the second lowest bracket, unacceptable. |
| Date | 16:40:09, August 09, 2008 CET | From | The Liberal Party | To | Debating the Shadow Income tax proposal of October 2618 |
| Message | OOC: By the way, it is not dollars, it is LOD. |
| Date | 17:16:06, August 09, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Shadow Income tax proposal of October 2618 |
| Message | a one percent raise is hardly disaster on the second lowest tax bracket. furthermore doubling taxes on the top tax bracket as you proposed is going to be disaster for our luxury taxes. furthermore our proposal is in relation to our budget proposal which calls for restrained spending, something the Liberals apparently dont understand. ooc: its lodamun DOLLARS. give me a break. |
| Date | 18:19:08, August 09, 2008 CET | From | The Liberal Party | To | Debating the Shadow Income tax proposal of October 2618 |
| Message | You are putting our nation at risk by reducing Defense that much. If that is the risk we have to tak to pratice your so called "restrained spending" then we do not want to be part of it. OOC: I am just making sure you know. We usually use LOD to refer to the Lodamun Dollar. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 26 | ||||
| no |
Total Seats: 77 | ||||
| abstain |
Total Seats: 16 |
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