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Bill: Income tax proposal of August 2649
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: April 2650
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 | 1% | 230,000,000 LOD |
| > 1,000 LOD | 3% | 344,000,000 LOD |
| > 1,200 LOD | 4% | 1,263,000,000 LOD |
| > 1,750 LOD | 5% | 718,000,000 LOD |
| > 2,000 LOD | 17% | 4,713,000,000 LOD |
| > 2,500 LOD | 18% | 4,561,000,000 LOD |
| > 3,000 LOD | 27% | 6,182,000,000 LOD |
| > 3,500 LOD | 28% | 5,269,000,000 LOD |
| > 4,000 LOD | 29% | 7,736,000,000 LOD |
| > 5,000 LOD | 31% | 3,041,000,000 LOD |
| > 5,500 LOD | 33% | 4,085,000,000 LOD |
| > 6,325 LOD | 34% | 2,405,000,000 LOD |
| > 7,000 LOD | 35% | 1,690,000,000 LOD |
| > 7,500 LOD | 38% | 1,547,000,000 LOD |
| > 8,000 LOD | 42% | 1,465,000,000 LOD |
| > 8,500 LOD | 43% | 1,333,000,000 LOD |
| > 9,000 LOD | 45% | 3,543,000,000 LOD | Total | 50,125,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:42:26, October 10, 2008 CET | From | The Liberal Party | To | Debating the Income tax proposal of August 2649 |
| Message | Same as previous one. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 88 | |||
| no | Total Seats: 17 | |||
| abstain | Total Seats: 20 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "No man has ever been born a Negro hater, a Jew hater, or any other kind of hater. Nature refuses to be involved in such suicidal practices." - Harry Bridges |