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Bill: CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B)
Details
Submitted by[?]: Court of Shades
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: January 3965
Description[?]:
| The Court of Shades propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Lodamun. ----------------------------------------------------------------------------------------------------------------- Mr Speaker, For far too long Lodamun's citizens have suffered under the harsh tax rate of 65% forced upon them by the LPA party. We supported them in that endeavor under the agreement to restore the governments finances to surplus after past governments had nearly bankrupted us. However, the LPA used this as an opportunity to make large scale spending increases. The government is living it up large on our citizen's hard earned money. Well, no longer. Our alternative budget restores spending to more reasonable levels, allowing us to drop tax rates from the unreasonably high 65%, to the more reasonable 35%. This will maintain a healthy surplus of $8 Billion LOD, allowing the government to maintain its low level of interest rates. Mr Speaker, we are willing to thrash this out in parliament for as long as it takes, as we are sure that the other political parties will want to get taxes back to where they should be. Jane Black Acting CoS Leader |
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% | 284,000,000 LOD |
| > 100 LOD | 10% | 2,292,000,000 LOD |
| > 500 LOD | 20% | 5,730,000,000 LOD |
| > 1,000 LOD | 35% | 80,849,000,000 LOD | Total | 89,155,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 23:10:14, December 16, 2015 CET | From | Pro Lodamunese Unitarian Party | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | We will support this bill Stephen Lodamun PLUP President |
| Date | 00:59:48, December 17, 2015 CET | From | Traditional Alliance | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr Speaker, We will support this bill. John Smith TA Leader |
| Date | 15:49:03, January 04, 2016 CET | From |  Great National Republican Guard | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr. Speaker, The highest salary in Lodamun is 12,800 LOD. Why is 1,000 LOD proposed as the highest tax bracket? This is not a sensible tax plan. The CoS seems to be no more competent than the LPA. It's disappointing that the Traditional Alliance has supported this rubbish. -- Sid Landau, Finance Minister |
| Date | 16:57:02, January 04, 2016 CET | From | Grand Nationalist Fraction | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr. Speaker, if what Mr. Landau says is true, and we have no reason to doubt that, it seems to us that some fractions are trying to support the most wealthy of our nation. As Nationalist, eventhough being called intolerant by that same fraction, we strive to create an honoust and social nation, where the wealthy contribute to the wellbeing of the poor. Anyone can earn whatever he or she wants, but there has to be paid a certain amount of taxes. By taxing only the lowest incomes, the rich get richer and richer, and no money will be left to invest. Gaston Lefebvre NWL deputy chairman |
| Date | 14:26:37, January 07, 2016 CET | From | Great National Republican Guard | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr. Speaker, We are disappointed that other Members of Parliament, from certain parties, blatantly ignore our points. Having 1,000 LOD as the highest tax bracket is simply ridiculous, considering that some persons earn up to 12,800 LOD. There is a 15% difference between the 500 LOD tax bracket and the 1000 LOD tax bracket, but no difference between the 1,000 LOD tax bracket and someone who earns over 12,800 LOD. There are persons who earn 12 times what we currently have set as the highest tax bracket, and the CoS seems unwilling to change this. For this reason, we will definitely vote against this bill. -- Sid Landau, Finance Minister |
| Date | 22:27:27, January 07, 2016 CET | From | Court of Shades | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr Speaker, Why would we bother to engage with the GNRG? Their points are rubbish, and they despise our very existence. While I'm sure the GNRG expects us to just lay down and submit to our Nationalist Overlord's right to rule, we will not. As for the point at hand: The GNRG want a more progressive tax system. This is not only economically inefficient, but also adds more complexity to the tax system, and therefore transaction costs, making it revenue inefficient as well. The only change the CoS would make to the brackets is to make it more flat. However, this is not a priority, and there is currently little political will to do so. Therefore we have not proposed changes to the current tax brackets. Tom Darkly CoS Leader |
| Date | 22:39:51, January 07, 2016 CET | From | Court of Shades | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr Speaker, Futhermore, Mr Landau obviously forgot to study how incomes are distributed when he was studying economics. Incomes tend to be distributed with a very heavy right tail. i.e there are very few people who earn high incomes which skews the average up. Therefore if we followed a tax system like he proposed ( http://classic.particracy.net/viewbill.php?billid=457150), then you would have a highest tax bracket that only 0.0002% of Lodamun's people are actually in. This is hugely inefficient, and is the reason that in actual fact most income systems would have tax systems that actually have a greater ratio of highest tax bracket to highest income of 12. It simply just does not make sense to have such a small highest tax bracket. Tom Darkly, CoS Leader |
| Date | 06:31:34, January 08, 2016 CET | From | Great National Republican Guard | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | Mr. Speaker, Tom Darkly has said things in this debate which are completely unrelated to the issue at hand. His slander of my party shows that he puts petty politics above the interests of the people. We are not saying that the highest tax bracket has to be be 12,000 LOD, but 1,000 LOD is ridiculously low. We are sure that other parties in Lodamun would be willing to support a progressive tax system, even though the bourgeois members of the CoS would not be willing to do so. We assume that the LPA and LSDP opposed our tax reform bill because it would have inevitably led to budget cuts. -- Sid Landau, Finance Minister |
| Date | 08:48:15, January 08, 2016 CET | From | Liberal Progressive Alliance | To | Debating the CoS Alternative Budget: Restoring Reasonable Taxes to Lodamun (Part B) |
| Message | M. Speaker, As long as there is a surplus and Education and Health are not cut, I see no reason to oppose this bill. Susan Gibbs Prime Minister |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 413 | ||||
| no | Total Seats: 90 | ||||
| abstain | Total Seats: 96 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Prejudices subsist in people's imagination long after they have been destroyed by their experience." - Ernest Dimnet |