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Bill: Income tax proposal of June 2619
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: February 2620
Description[?]:
| OOC: My apologies. I miscalculated and my current budget proposal puts us in a small deficit. This will correct that. |
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% | 1,030,000,000 LOD |
| > 1,200 LOD | 9% | 3,089,000,000 LOD |
| > 1,800 LOD | 15% | 5,860,000,000 LOD |
| > 2,500 LOD | 20% | 2,595,000,000 LOD |
| > 2,750 LOD | 23% | 2,824,000,000 LOD |
| > 3,000 LOD | 25% | 5,703,000,000 LOD |
| > 3,500 LOD | 26% | 4,874,000,000 LOD |
| > 4,000 LOD | 27% | 4,137,000,000 LOD |
| > 4,500 LOD | 28% | 3,147,000,000 LOD |
| > 5,000 LOD | 29% | 2,832,000,000 LOD |
| > 5,500 LOD | 30% | 2,408,000,000 LOD |
| > 6,000 LOD | 33% | 2,058,000,000 LOD |
| > 6,500 LOD | 35% | 2,467,000,000 LOD |
| > 7,200 LOD | 36% | 1,031,000,000 LOD |
| > 7,500 LOD | 40% | 1,622,000,000 LOD |
| > 8,000 LOD | 44% | 6,332,000,000 LOD | Total | 52,009,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:16:29, August 10, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of June 2619 |
| Message | ok, can you maybe correct the budget deficit without further pushing the higher brackets? we again stress that this will cause spending in certain sectors to fall significantly. |
| Date | 19:20:34, August 10, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of June 2619 |
| Message | We miscalculated the drop in luxury taxes by a few million LOD. It is almost impossible to be exact on how much the drop would be. |
| Date | 19:39:10, August 10, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of June 2619 |
| Message | can we have a cut then? |
| Date | 22:09:11, August 10, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of June 2619 |
| Message | As the phrase goes "the bureaucracy is expanding to meet the needs of the expanding bureaucracy."The government is admitting a need to raise taxes because the luxury taxes which account for a large portion of our nations income have fallen. the reason for that fall was of course our drastic tax increases. so the government wants to raise taxes in order to fix the problems caused by their increasing taxation. Does anyone else see a problem here? |
| Date | 22:40:11, August 10, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of June 2619 |
| Message | No, there is no problem. It is very simple, consumer spending is imposible to accurately predict. We certainly do not want a deficit. Simple as that. |
| Date | 23:08:21, August 10, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of June 2619 |
| Message | so you disagree that tax increases leave people with less disposable income? |
| Date | 23:25:32, August 10, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of June 2619 |
| Message | Don't try to manipulate our words. We simply said it is impossible to accurately predict consumer spending. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 72 | |||
| no | Total Seats: 26 | |||
| abstain | Total Seats: 5 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "This country has far more problems than it deserves and far more solutions than it applies." - Ralph Nader |