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Bill: Income tax proposal of June 3376

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: February 3377

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

Debate

These messages have been posted to debate on this bill:

Date13:16:45, October 07, 2012 CET
FromGreen & Liberal Socialist Party
ToDebating the Income tax proposal of June 3376
MessageOOC: This post is relying upon the assumption that LOD is similar to real world currencies like Dollars and Sterling. If you have any idea of how to figure out the real world value of LOD it'd be good.

IC: Although this progressive tax rate is a step in the right direction, it needs revising. There should be higher tax brackets, if someone is earning over 20,000 LOD per annum they are still paying the same amount of tax as someone who is earning 8,670 which is not fair.

Date18:12:55, October 07, 2012 CET
FromIndependent Party
ToDebating the Income tax proposal of June 3376
MessageOOC: LOD has traditionally been used as the exchange currency in this game. Some folks in the forums are working on some interesting calculators. For now, there is really no way of figuring that out. However, we can always mutually agree to a specific exchange rate for the purposes of RP. Perhaps 1 LOD= $5 or something like that.

IC: Our median income is around 10,000 LOD. There are not that many people who earn over 20,000 LOD. The Independent Party is not interested in overwhelming those earning over 20,000 LOD with a ridiculous rate of taxation. That's basically punishing those who are better of for the sole reason as they are better off. We are willing to discuss certain tax brackets but we do not think the top brackets should be changed.

Date21:54:55, October 07, 2012 CET
FromFree Labour Party
ToDebating the Income tax proposal of June 3376
MessageIf we reform the tax system, there should by higher taxes for the extreme rich.

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Voting

Vote Seats
yes
 

Total Seats: 157

no

    Total Seats: 0

    abstain
        

    Total Seats: 168


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