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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: 23
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 invest in national companies, but may not get a majority share.
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: 65
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% | 10,728,000,000 LOD |
| > 1,250 LOD | 18% | 12,708,000,000 LOD |
| > 2,500 LOD | 21% | 12,166,000,000 LOD |
| > 3,750 LOD | 24% | 8,531,000,000 LOD |
| > 5,000 LOD | 27% | 5,726,000,000 LOD |
| > 6,250 LOD | 30% | 3,834,000,000 LOD |
| > 7,500 LOD | 33% | 3,012,000,000 LOD |
| > 8,750 LOD | 36% | 2,049,000,000 LOD |
| > 10,000 LOD | 39% | 1,065,000,000 LOD |
| > 11,250 LOD | 42% | 326,000,000 LOD |
| > 12,500 LOD | 45% | 78,000,000 LOD | Total | 60,223,000,000 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: The grey space in the east is populated by the forum-based countries, known in-game as the former colonies or the "Third World". These countries are managed by the Third World Coordinator but players can request control of individual countries in the Third World Control Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=8302 |
| Random quote: "He that would make his own liberty secure, must guard even his enemy from opposition; for if he violates this duty he establishes a precedent that will reach himself." - Thomas Paine |