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Bill: Revenue Enhancement Act - 4099
Details
Submitted by[?]: Great National Republican Guard
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: August 4099
Description[?]:
| The Great National Republican Guard propose to adjust the government's income tax policy to better address the economic situation of the 2nd Great Democratic Republic of Lodamun. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 38
Current: 30
Proposed: 50
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 5
Proposed: 10
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 45
Current: 25
Proposed: 50
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: The government owns the stock exchange(s).
Article 5
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Current: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Proposed: The government requires all businesses to be run by Democratic Workers' Councils.
Article 6
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 |
| > 650 LOD | 5% | 1,865,000,000 LOD |
| > 1,300 LOD | 10% | 3,730,000,000 LOD |
| > 1,950 LOD | 15% | 5,386,000,000 LOD |
| > 2,600 LOD | 20% | 6,354,000,000 LOD |
| > 3,250 LOD | 25% | 6,594,000,000 LOD |
| > 3,900 LOD | 30% | 6,032,000,000 LOD |
| > 4,550 LOD | 35% | 4,973,000,000 LOD |
| > 5,200 LOD | 40% | 4,587,000,000 LOD |
| > 5,850 LOD | 45% | 3,840,000,000 LOD |
| > 6,500 LOD | 50% | 3,293,000,000 LOD |
| > 7,150 LOD | 55% | 3,267,000,000 LOD |
| > 7,800 LOD | 60% | 2,787,000,000 LOD |
| > 8,450 LOD | 65% | 2,594,000,000 LOD |
| > 9,100 LOD | 70% | 1,941,000,000 LOD |
| > 9,750 LOD | 75% | 1,656,000,000 LOD |
| > 10,400 LOD | 80% | 924,000,000 LOD |
| > 11,050 LOD | 85% | 460,000,000 LOD |
| > 11,700 LOD | 90% | 337,000,000 LOD |
| > 12,350 LOD | 95% | 246,000,000 LOD | Total | 60,866,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 317 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 282 |
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