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Bill: Income tax proposal of October 2632
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 not pass any sooner than the deadline.
Voting deadline: August 2633
Description[?]:
| Sufficient money for income tax cut and an extra revenue for future income tax cuts. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 30
Proposed: 30
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 25
Proposed: 35
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% | 7,775,000,000 LOD |
| > 3,000 LOD | 36% | 15,010,000,000 LOD |
| > 4,000 LOD | 40% | 10,666,000,000 LOD |
| > 5,000 LOD | 41% | 18,339,000,000 LOD |
| > 9,000 LOD | 50% | 3,935,000,000 LOD | Total | 59,441,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 16:54:48, September 06, 2008 CET | From | Holy Eliyahu Confession | To | Debating the Income tax proposal of October 2632 |
| Message | We oppose. Low income tax also requires low consumer taxation to encourage spending, otherwise the people will not use their extra money to fuel the market. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 86 | |||||
| no | Total Seats: 54 | |||||
| abstain | Total Seats: 10 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "All within the state; nothing outside the state; nothing against the state." - Benito Mussolini |