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Bill: Income tax proposal of June 3381
Details
Submitted by[?]: Independent Party
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: February 3382
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 | 10% | 1,435,000,000 LOD |
| > 1,000 LOD | 15% | 12,765,000,000 LOD |
| > 2,500 LOD | 20% | 18,737,000,000 LOD |
| > 5,000 LOD | 25% | 9,536,000,000 LOD |
| > 8,000 LOD | 30% | 3,231,000,000 LOD |
| > 10,000 LOD | 35% | 1,290,000,000 LOD | Total | 46,994,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 17:58:27, October 17, 2012 CET | From | Green & Liberal Socialist Party | To | Debating the Income tax proposal of June 3381 |
| Message | We disagree with those earning under 750 LOD being taxed, but this is still a proposed progressive taxation system and is heading in the right direction towards a fairer society. One of the Independent Party's better policies. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 254 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 71 |
| Random fact: Characters are considered to be "owned" by the player who first mentioned or created them. In practice, players may share responsibility for role-playing a character, but ultimate authority rests with the owner. |
| Random quote: "A wise ruler ought never to keep faith when by doing so it would be against his interests." - Niccolo Machiavelli |