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Bill: Income tax proposal of December 4228
Details
Submitted by[?]: White Rose
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 4230
Description[?]:
Current Revenue - 207,697,272,934 LPD Expected Revenue - 204,310,000,000 LPD This would remove million of Luthorians from income tax altogether, whilst retaining the budget surplus we currently enjoy. Corporation Tax - 479,602,970 LPD Luxury Goods Tax - 9,140,482,076 LPD ESTIMATED TOTAL REVENUE - 213,930,085,046 LPD CURRENT EXPENDITURE - 207,210,000,000 LPD ESTIMATED SURPLUS - 6,720,085,046 LPD |
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 |
> 1,200 LPD | 40% | 18,036,000,000 LPD |
> 2,000 LPD | 42% | 46,959,000,000 LPD |
> 4,000 LPD | 44% | 40,338,000,000 LPD |
> 6,000 LPD | 46% | 31,029,000,000 LPD |
> 8,000 LPD | 48% | 21,530,000,000 LPD |
> 10,000 LPD | 50% | 46,114,000,000 LPD | Total | 204,006,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes |
Total Seats: 341 | ||||
no |
Total Seats: 36 | ||||
abstain |
Total Seats: 23 |
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