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Bill: Income tax proposal of July 2621
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 2622
Description[?]:
| The The Liberal 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 |
| > 600 LOD | 3% | 1,033,000,000 LOD |
| > 1,200 LOD | 9% | 3,099,000,000 LOD |
| > 1,800 LOD | 19% | 7,446,000,000 LOD |
| > 2,500 LOD | 25% | 3,253,000,000 LOD |
| > 2,750 LOD | 30% | 3,696,000,000 LOD |
| > 3,000 LOD | 45% | 10,299,000,000 LOD |
| > 3,500 LOD | 51% | 9,591,000,000 LOD |
| > 4,000 LOD | 52% | 7,993,000,000 LOD |
| > 4,500 LOD | 53% | 5,977,000,000 LOD |
| > 5,000 LOD | 54% | 5,291,000,000 LOD |
| > 5,500 LOD | 55% | 4,430,000,000 LOD |
| > 6,000 LOD | 56% | 3,505,000,000 LOD |
| > 6,500 LOD | 57% | 4,032,000,000 LOD |
| > 7,200 LOD | 58% | 1,667,000,000 LOD |
| > 7,500 LOD | 59% | 2,402,000,000 LOD |
| > 8,000 LOD | 60% | 8,670,000,000 LOD | Total | 82,384,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:41:13, August 14, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of July 2621 |
| Message | Around 30 billion LOD will be raised. |
| Date | 22:29:06, August 14, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of July 2621 |
| Message | and people will begin to pay more than they make, and three times as much as they paid just 5 years ago. such a rapid tax hike will shock the economy. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 79 | ||
| no | Total Seats: 42 | ||
| abstain | Total Seats: 29 |
| Random fact: Players must never be asked for their Particracy password. This includes Moderation; a genuine Moderator will never ask for your password. |
| Random quote: "A cynic is a man who, when he smells flowers, looks around for a coffin." H. L. Mencken |