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Bill: Income tax proposal of 4163
Details
Submitted by[?]: New Democratic Party
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: March 4164
Description[?]:
| NDP propose to adjust the government's income tax policy to better address the economic situation of Lodamun. Under current income tax system is middle and high class taxed enormously much. This causes that highly skilled and educated people leaving Lodamun abroad into countries with milder income tax. Current system tries to redistribute more that is needed. Problem with huge budgets is loss of milions LOD in government process and difficulties to keep wasting low. NDP tax policy is simple. Keep money in people's hands! |
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 |
| > 500 LOD | 5% | 2,152,000,000 LOD |
| > 1,250 LOD | 10% | 4,305,000,000 LOD |
| > 2,000 LOD | 15% | 18,212,000,000 LOD |
| > 5,000 LOD | 25% | 8,518,000,000 LOD |
| > 7,500 LOD | 35% | 5,195,000,000 LOD |
| > 10,000 LOD | 45% | 1,656,000,000 LOD | Total | 40,038,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||||
| yes |
Total Seats: 363 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 236 |
| Random fact: "OOC", "IC" and "IG" are commonly-used acronyms in Particracy. "OOC" refers to comments, discussions and actions which are out-of-character, meaning they are done player-to-player rather than party-to-party. "IC" refers to in-character interactions (ie. party-to-party). Similarly, "IG" means in-game, although this term may also simply refer to what happens in the actual game interface, as opposed to on the forum or elsewhere. "RP" just means "role-play". |
| Random quote: "All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood." - Universal Declaration of Human Rights |