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Bill: Income tax proposal of October 3549
Details
Submitted by[?]: The Republican 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: June 3550
Description[?]:
The The Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Realms of Luthori. |
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 |
> 1,000 LPD | 10% | 6,763,000,000 LPD |
> 2,200 LPD | 12% | 12,064,000,000 LPD |
> 4,000 LPD | 18% | 16,502,000,000 LPD |
> 6,000 LPD | 22% | 14,840,000,000 LPD |
> 8,000 LPD | 28% | 12,559,000,000 LPD |
> 10,000 LPD | 35% | 30,549,000,000 LPD |
> 25,000 LPD | 38% | 1,879,000,000 LPD | Total | 95,156,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
Date | 09:29:45, September 22, 2013 CET | From | The Republican Party | To | Debating the Income tax proposal of October 3549 |
Message | Madam Speaker, We commend this taxation bill to the floor of the house. It reduces the burden of taxation on middle income families, streamlines our taxation system and increases net revenue from income taxation. This system will put money back in the pockets of the nations consumers, where it belongs. This money will stimulate our grass roots economy and stimulate our lagging economy. - Beau Bishop, Secretary of Finance |
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Voting
Vote | Seats | |||
yes |
Total Seats: 500 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 0 |
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