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Bill: Income tax proposal of March 2818
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: November 2818
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 for everyone. |
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 | 8% | 1,607,000,000 LOD |
| > 950 LOD | 9% | 1,292,000,000 LOD |
| > 1,200 LOD | 15% | 4,736,000,000 LOD |
| > 1,750 LOD | 17% | 2,440,000,000 LOD |
| > 2,000 LOD | 19% | 5,267,000,000 LOD |
| > 2,500 LOD | 20% | 5,068,000,000 LOD |
| > 3,000 LOD | 21% | 4,808,000,000 LOD |
| > 3,500 LOD | 22% | 4,139,000,000 LOD |
| > 4,000 LOD | 24% | 6,399,000,000 LOD |
| > 5,000 LOD | 25% | 2,451,000,000 LOD |
| > 5,500 LOD | 28% | 5,444,000,000 LOD |
| > 7,000 LOD | 29% | 6,773,000,000 LOD | Total | 50,424,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:06:48, September 16, 2009 CET | From | Country Liberal Party | To | Debating the Income tax proposal of March 2818 |
| Message | This is irresponsible. The money saved from the scrapping of NBC schemes is to be reinvested elsewhere, however first of all we await the passage of the various welfare refoms currently in the voting stage in order to see how the next budget should b prepared. |
| Date | 17:31:37, September 16, 2009 CET | From | United Republics Party | To | Debating the Income tax proposal of March 2818 |
| Message | Any Liberal tax proposal is an automatic no vote for the URP. We need comprehensive budget reform rather than the current system of constant defense creep. |
| Date | 22:03:26, September 16, 2009 CET | From | The Liberal Party | To | Debating the Income tax proposal of March 2818 |
| Message | We shall keep that comment in mind for future consideration. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 37 | |||||
| no |
Total Seats: 163 | |||||
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "The spirit of democracy is not a mechanical thing to be adjusted by abolition of forms. It requires change of heart." - Mahatma Gandhi |