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Bill: HDU Income Tax Proposal of January 3962
Details
Submitted by[?]: United Luthori
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: September 3962
Description[?]:
| Mr. Speaker, Driven to drastic action, the Hosian Democratic Union has drawn up tax proposal of our own that will increase income tax revenues by 19,604,722,981 pounds. Our economy is almost entirely run by the private sector, and although that is a good thing, the government must invest more. With increased revenues, we will also propose increased spending. The Rt Hon. Thomas Buckley MD Leader of the HDU |
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 | 4% | 2,251,000,000 LPD |
| > 2,000 LPD | 6% | 6,699,000,000 LPD |
| > 4,000 LPD | 8% | 12,714,000,000 LPD |
| > 8,000 LPD | 10% | 7,859,000,000 LPD |
| > 12,000 LPD | 12% | 5,636,000,000 LPD |
| > 20,000 LPD | 18% | 532,000,000 LPD |
| > 22,000 LPD | 22% | 500,000,000 LPD |
| > 24,000 LPD | 26% | 591,000,000 LPD |
| > 26,000 LPD | 30% | 682,000,000 LPD |
| > 28,000 LPD | 33% | 490,000,000 LPD |
| > 30,000 LPD | 30% | 15,000,000 LPD | Total | 37,969,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:09:13, January 02, 2016 CET | From | Conservative Party of Luthori | To | Debating the HDU Income Tax Proposal of January 3962 |
| Message | OOC: Why is the second last bracket paying more than the last one? :P |
| Date | 21:56:14, January 02, 2016 CET | From | United Luthori | To | Debating the HDU Income Tax Proposal of January 3962 |
| Message | OOC: Hmm. Ignore this. |
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Voting
| Vote | Seats | ||||||||
| yes | Total Seats: 0 | ||||||||
| no |
Total Seats: 445 | ||||||||
| abstain | Total Seats: 0 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| 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 |