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Bill: LSDP Taxation Proposal
Details
Submitted by[?]: Lodamese Social Democratic Party (LSDP)
Status[?]: defeated
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: April 3954
Description[?]:
| This proposal will create a more equitable taxation system, adding another high income bracket and subsequently lowering the >1000 LOD bracket to the level proposed by the Court of Shades. It will maintain a budget surplus without any cuts to government agencies and we believe is the best approach to a fairer economy. |
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 |
| > 100 LOD | 10% | 2,297,000,000 LOD |
| > 500 LOD | 20% | 5,744,000,000 LOD |
| > 1,000 LOD | 35% | 29,810,000,000 LOD |
| > 2,500 LOD | 45% | 65,868,000,000 LOD | Total | 103,719,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:08:24, December 17, 2015 CET | From | Traditional Alliance | To | Debating the LSDP Taxation Proposal |
| Message | Mr Speaker, We prefer the proposal from the Court of Shades. Nevertheless we support tax reductions regardless of who proposes them and as such will support this bill. TA Deputy Leader |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 229 | |||
| no | Total Seats: 77 | |||
| abstain | Total Seats: 293 |
| Random fact: Players using inactive accounts and/or accounts from outside nations may only propose bills and/or contribute to discussions, whether IC (in-character) or OOC (out-of-character) with the general consent of the players in the nation. |
| Random quote: "Before all else, be armed." - Niccolo Machiavelli |