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Bill: Income tax proposal of April 2800
Details
Submitted by[?]: The Liberal Party
Status[?]: defeated
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: December 2800
Description[?]:
| The The Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Lodamese Union. Across the board income tax cuts. It's time our citizens get some tax cuts. |
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 | 9% | 1,808,000,000 LOD |
| > 950 LOD | 10% | 1,435,000,000 LOD |
| > 1,200 LOD | 16% | 5,052,000,000 LOD |
| > 1,750 LOD | 18% | 2,583,000,000 LOD |
| > 2,000 LOD | 21% | 5,821,000,000 LOD |
| > 2,500 LOD | 22% | 5,575,000,000 LOD |
| > 3,000 LOD | 23% | 5,266,000,000 LOD |
| > 3,500 LOD | 24% | 4,515,000,000 LOD |
| > 4,000 LOD | 25% | 6,666,000,000 LOD |
| > 5,000 LOD | 27% | 2,647,000,000 LOD |
| > 5,500 LOD | 28% | 5,444,000,000 LOD |
| > 7,000 LOD | 29% | 6,773,000,000 LOD | Total | 53,585,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 75 | |||
| no | Total Seats: 125 | |||
| abstain | Total Seats: 0 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "How we can possibly be giving £1bn a month, when we're in this sort of debt, to Bongo Bongo Land is completely beyond me." - Godfrey Bloom |