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Bill: Income tax proposal of March 3025
Details
Submitted by[?]: Movement for the Progress of Lodamun
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 3025
Description[?]:
| The Popular Alliance of National Unity 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 |
| > 3,000 LOD | 10% | 9,249,000,000 LOD |
| > 6,500 LOD | 15% | 4,086,000,000 LOD |
| > 11,000 LOD | 20% | 247,000,000 LOD | Total | 13,582,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 18:11:28, November 04, 2010 CET | From | United Democratic Caucus | To | Debating the Income tax proposal of March 3025 |
| Message | Mr. Speaker, This will only make everyone considerbaly poorer. During our administration we set out a taxation policy that would make everyone considerably richer. I yield. |
| Date | 19:53:16, November 04, 2010 CET | From | United Democratic Caucus | To | Debating the Income tax proposal of March 3025 |
| Message | Mr. Speaker, In addition, we are concerned that people on > 3,000 LOD would also be taxed. This would simply be unfair. The only addition to the current taxation that would be fair would be to taxt > 10,000 LOD 5% more than those on > 5,000 LOD, for the people must be allowed to increase their wealth. I yield. |
| Date | 22:19:31, November 04, 2010 CET | From | Progress Party | To | Debating the Income tax proposal of March 3025 |
| Message | OOC: I thought that this was still for people at >5000 LOD, I apologize. Mr. Speaker, I must agree with my colleagues in the Republican Party that this would be an unfair tax; we currently have a balanced budget with a more than lofty surplus that threatens to verge into inflation. I yield. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 71 | ||
| no | Total Seats: 29 | ||
| abstain |
Total Seats: 0 |
| Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
| Random quote: "Politics have no relation to morals." - Niccolo Machiavelli |