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Bill: Income tax proposal of April 2631
Details
Submitted by[?]: Holy Eliyahu Confession
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: February 2632
Description[?]:
| This proposed Income Tax Proposal will return more than 50 Billion LOD to the people of Lodamun, still leaving us with a projected surplus of approximately 25 billion LOD, which we have used to cut both Corporate and Luxury Taxes in order to encourage investment and consumer spending. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 30
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 25
Proposed: 25
Article 3
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 |
| > 1,000 LOD | 1% | 287,000,000 LOD |
| > 1,500 LOD | 8% | 3,429,000,000 LOD |
| > 2,250 LOD | 20% | 7,778,000,000 LOD |
| > 3,000 LOD | 37% | 15,429,000,000 LOD |
| > 4,000 LOD | 40% | 10,663,000,000 LOD |
| > 5,000 LOD | 42% | 18,787,000,000 LOD |
| > 9,000 LOD | 50% | 3,932,000,000 LOD | Total | 60,305,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:23:43, September 03, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of April 2631 |
| Message | More money to the big businesses. Typical Conservatives. |
| Date | 00:02:37, September 04, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of April 2631 |
| Message | More like a cut to encourage job creation, and a large tax cut for the working classes to make their lives better. This proposal is one of the best things that has happened to the working Lodamuni in decades. |
| Date | 00:48:04, September 04, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of April 2631 |
| Message | Really? Well, let's celebrate this accomplishment. Who is going to throw the party? |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 77 | |||
| no | Total Seats: 44 | |||
| abstain | Total Seats: 29 |
| Random fact: Role-play is most enjoyable and successful when there is good communication and friendly relations between all players involved. |
| Random quote: "Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself." - Mark Twain |