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Bill: Slight Income Tax Cut
Details
Submitted by[?]: Tuesday Is Coming
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: May 2134
Description[?]:
| This amount is sufficient to fund the current budget. Every citizen recieves a tax cut through this structure. The lowest wage(living wage) in Lodamun is 1.07 LOD per hour, 40 hours a week, 50 weeks per year. |
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 |
| > 1 LOD | 13% | 15,651,000,000 LOD |
| > 2,100 LOD | 20% | 4,392,000,000 LOD |
| > 2,500 LOD | 21% | 17,295,000,000 LOD |
| > 4,500 LOD | 22% | 14,043,000,000 LOD | Total | 51,381,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes | Total Seats: 175 | ||||
| no | Total Seats: 19 | ||||
| abstain |
Total Seats: 106 |
| Random fact: When elections in a country are held, all bills in the voting phase are reset to the debate phase. |
| Random quote: "It is not titles that honor men, but men that honor titles." - Niccolo Machiavelli |