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Bill: Income tax proposal of July 3373
Details
Submitted by[?]: Independent 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: March 3374
Description[?]:
| The Independent Party 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 |
| > 750 LOD | 15% | 14,925,000,000 LOD |
| > 2,500 LOD | 20% | 23,568,000,000 LOD |
| > 6,500 LOD | 25% | 4,376,000,000 LOD |
| > 8,500 LOD | 30% | 2,183,000,000 LOD |
| > 10,000 LOD | 35% | 1,286,000,000 LOD | Total | 46,338,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 15:39:06, October 01, 2012 CET | From | Green & Liberal Socialist Party | To | Debating the Income tax proposal of July 3373 |
| Message | Those earning under 750 LOD should not have to pay tax. |
| Date | 03:02:06, October 02, 2012 CET | From | Independent Party | To | Debating the Income tax proposal of July 3373 |
| Message | Every citizen in Lodamun should pay their fair share. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 219 | ||
| abstain | Total Seats: 56 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "Suburbia is where the developer bulldozes out the trees, then names the streets after them." - Bill Vaughn |