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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: 23
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% | 286,000,000 LOD |
| > 1,500 LOD | 8% | 3,418,000,000 LOD |
| > 2,250 LOD | 20% | 7,752,000,000 LOD |
| > 3,000 LOD | 36% | 14,961,000,000 LOD |
| > 4,000 LOD | 40% | 10,625,000,000 LOD |
| > 5,000 LOD | 41% | 18,268,000,000 LOD |
| > 9,000 LOD | 50% | 3,914,000,000 LOD | Total | 59,224,000,000 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: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "The true destiny of America is religious, not political: it is spiritual, not physical." - Alvin R. Dyer |