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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% | 574,000,000 LOD |
| > 1,000 LOD | 4% | 1,149,000,000 LOD |
| > 1,500 LOD | 6% | 1,723,000,000 LOD |
| > 2,000 LOD | 8% | 2,219,000,000 LOD |
| > 2,500 LOD | 10% | 2,536,000,000 LOD |
| > 3,000 LOD | 12% | 2,749,000,000 LOD |
| > 3,500 LOD | 14% | 2,635,000,000 LOD |
| > 4,000 LOD | 16% | 2,462,000,000 LOD |
| > 4,500 LOD | 18% | 2,032,000,000 LOD |
| > 5,000 LOD | 20% | 1,961,000,000 LOD |
| > 5,500 LOD | 22% | 1,774,000,000 LOD |
| > 6,000 LOD | 24% | 1,503,000,000 LOD |
| > 6,500 LOD | 26% | 1,333,000,000 LOD |
| > 7,000 LOD | 28% | 1,353,000,000 LOD |
| > 7,500 LOD | 30% | 1,223,000,000 LOD |
| > 8,000 LOD | 32% | 1,118,000,000 LOD |
| > 8,500 LOD | 34% | 1,055,000,000 LOD |
| > 9,000 LOD | 36% | 863,000,000 LOD |
| > 9,500 LOD | 38% | 681,000,000 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% | 132,000,000 LOD |
| > 12,000 LOD | 48% | 138,000,000 LOD |
| > 12,500 LOD | 50% | 87,000,000 LOD | Total | 32,509,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 300 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: The influence a bill has on elections decreases over time, until it eventually is no longer relevant. This can explain shifts in your party's position to the electorate and your visibility. |
| Random quote: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." - H. L. Mencken |