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Bill: KFS Advice, 3488-3489
Details
Submitted by[?]: Great National Republican Guard
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: July 3507
Description[?]:
The Lodamese Nationalist 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
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 85
Current: 30
Proposed: 50
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 4
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors may freely invest in national companies.
Proposed: Foreign investors need to obtain government approval for all investments in national companies.
Article 5
Proposal[?] to change Sales tax on luxury goods.
Old value:: 31
Current: 25
Proposed: 10
Article 6
Proposal[?] to change The professional retirement age.
Old value:: 74
Current: 60
Proposed: 65
Article 7
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are banned.
Current: Stock exchanges are allowed but are regulated.
Proposed: The government owns the stock exchange(s).
Article 8
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 LOD | 15% | 10,756,000,000 LOD |
> 1,250 LOD | 18% | 12,741,000,000 LOD |
> 2,500 LOD | 21% | 12,196,000,000 LOD |
> 3,750 LOD | 24% | 8,556,000,000 LOD |
> 5,000 LOD | 27% | 5,745,000,000 LOD |
> 6,250 LOD | 30% | 3,844,000,000 LOD |
> 7,500 LOD | 33% | 3,017,000,000 LOD |
> 8,750 LOD | 36% | 2,054,000,000 LOD |
> 10,000 LOD | 39% | 1,068,000,000 LOD |
> 11,250 LOD | 42% | 326,000,000 LOD |
> 12,500 LOD | 45% | 78,000,000 LOD | Total | 60,381,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 749 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
Random fact: "Kubrk" is a Jelbic word that has the colloquial meaning "old man" or "geezer". |
Random quote: "Non-violence is not a garment to be put on and off at will. Its seat is in the heart, and it must be an inseparable part of our very being." - Mahatma Gandhi |