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Bill: Income tax proposal of February 2819
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: November 2819
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. |
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 | 6% | 1,205,000,000 LOD |
| > 950 LOD | 8% | 1,147,000,000 LOD |
| > 1,200 LOD | 13% | 4,102,000,000 LOD |
| > 1,750 LOD | 17% | 2,438,000,000 LOD |
| > 2,000 LOD | 19% | 5,263,000,000 LOD |
| > 2,500 LOD | 20% | 5,064,000,000 LOD |
| > 3,000 LOD | 21% | 4,804,000,000 LOD |
| > 3,500 LOD | 24% | 4,513,000,000 LOD |
| > 4,000 LOD | 26% | 6,930,000,000 LOD |
| > 5,000 LOD | 27% | 2,647,000,000 LOD |
| > 5,500 LOD | 28% | 5,443,000,000 LOD |
| > 7,000 LOD | 29% | 6,770,000,000 LOD | Total | 50,326,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 109 | |||
| no | Total Seats: 91 | |||
| abstain |
Total Seats: 0 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "In a sense we have come to our nation's capital to cash a cheque. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men, yes, black men as well as white men, would be guaranteed the unalienable rights of life, liberty, and the pursuit of happiness." - Martin Luther King Jr. |