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Bill: Income tax proposal of May 3305
Details
Submitted by[?]: Lodamun Conservative Coalition
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: January 3306
Description[?]:
| The Lodamun Conservative Coalition propose to adjust the government's income tax policy to better address the economic situation of the United Republics of Lodamun. The Augustus Tax Relief or otherwise known as ATR is designed to lower the tax burden of low income families, given them more financial consumer power in the economy and lifting them up to the middle class. Former Senator of Kregon Victor Augustus |
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 |
| > 1,000 LOD | 15% | 8,603,000,000 LOD |
| > 2,000 LOD | 25% | 13,252,000,000 LOD |
| > 3,000 LOD | 35% | 42,290,000,000 LOD | Total | 64,145,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes | Total Seats: 60 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 40 |
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