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Bill: Tax proposal of June 4166
Details
Submitted by[?]: National Union for Farmers and Laborers
Status[?]: defeated
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: February 4167
Description[?]:
| The National Union for Farmers and Laborers propose to adjust the government's tax policy to better address the economic situation of the Holy Luthori Empire. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 20
Proposed: 27
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 6
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 21
Proposed: 25
Article 4
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 |
| > 2,000 LPD | 35% | 19,756,000,000 LPD |
| > 3,000 LPD | 40% | 41,695,000,000 LPD |
| > 5,000 LPD | 45% | 36,334,000,000 LPD |
| > 7,000 LPD | 55% | 29,716,000,000 LPD |
| > 9,000 LPD | 60% | 50,947,000,000 LPD |
| > 15,000 LPD | 70% | 19,904,000,000 LPD | Total | 198,352,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no |
Total Seats: 399 | |||
| abstain | Total Seats: 251 |
| Random fact: It is forbidden to impersonate a player or Moderator. |
| Random quote: "The key to understanding the American system is to imagine that you have the power to make nearly any law you want, but your worst enemy will be the one to enforce it." - Rick Cook |