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Bill: New Tax System - 4549
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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: August 3549
Description[?]:
| George Martin proposes an overall income tax cut. Currently, persons earning only 1000 LOD have to pay a tax as high as 27%. |
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 |
| > 500 LOD | 2% | 573,000,000 LOD |
| > 1,000 LOD | 4% | 1,146,000,000 LOD |
| > 1,500 LOD | 6% | 1,719,000,000 LOD |
| > 2,000 LOD | 8% | 2,213,000,000 LOD |
| > 2,500 LOD | 10% | 2,529,000,000 LOD |
| > 3,000 LOD | 12% | 2,742,000,000 LOD |
| > 3,500 LOD | 14% | 2,629,000,000 LOD |
| > 4,000 LOD | 16% | 2,456,000,000 LOD |
| > 4,500 LOD | 18% | 2,027,000,000 LOD |
| > 5,000 LOD | 20% | 1,957,000,000 LOD |
| > 5,500 LOD | 22% | 1,769,000,000 LOD |
| > 6,000 LOD | 24% | 1,500,000,000 LOD |
| > 6,500 LOD | 26% | 1,330,000,000 LOD |
| > 7,000 LOD | 28% | 1,350,000,000 LOD |
| > 7,500 LOD | 30% | 1,220,000,000 LOD |
| > 8,000 LOD | 32% | 1,115,000,000 LOD |
| > 8,500 LOD | 34% | 1,052,000,000 LOD |
| > 9,000 LOD | 36% | 861,000,000 LOD |
| > 9,500 LOD | 38% | 680,000,000 LOD |
| > 10,000 LOD | 40% | 655,000,000 LOD |
| > 10,500 LOD | 42% | 341,000,000 LOD |
| > 11,000 LOD | 44% | 213,000,000 LOD |
| > 11,500 LOD | 46% | 133,000,000 LOD |
| > 12,000 LOD | 48% | 138,000,000 LOD |
| > 12,500 LOD | 50% | 87,000,000 LOD | Total | 32,435,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 300 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not accept Cultural Protocol updates which introduce, on a significant scale, cultures which are likely to be insufficiently accessible to players. In particular, for all significant cultures in Particracy, it should be easy for players to access and use online resources to assist with language translation and the generation of character names. Moderation reserves the right to amend Cultural Protocols which are deemed to have introduced significant cultures that are not sufficiently accessible and which are not being actively role-played with. |
| Random quote: "All within the state; nothing outside the state; nothing against the state." - Benito Mussolini |