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Bill: Income tax proposal of November 3940
Details
Submitted by[?]: Liberal Progressive Alliance
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: September 3941
Description[?]:
| The Liberal Progressive Alliance propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Lodamun. Ron Evans Deputy Leader of the LPA Finance Spokesperson |
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 LOD | 5% | 283,000,000 LOD |
| > 100 LOD | 10% | 2,291,000,000 LOD |
| > 500 LOD | 20% | 5,726,000,000 LOD |
| > 1,000 LOD | 65% | 150,074,000,000 LOD | Total | 158,374,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 06:39:00, November 21, 2015 CET | From | Lodamese National Democratic Party | To | Debating the Income tax proposal of November 3940 |
| Message | Mr. Speaker, We will not be voting for this. Anne Zocker Deputy LRP Leader |
| Date | 07:25:00, November 21, 2015 CET | From | Grand Nationalist Fraction | To | Debating the Income tax proposal of November 3940 |
| Message | Mr.Speaker, there seem to be little brackets,but apparently this works. NWL is wondering if it would be possible to lower the highest percentage and still create a positive balance. Maureen Dewilde NWL treasurer |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 348 | |||||
| no | Total Seats: 234 | |||||
| abstain | Total Seats: 17 |
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