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Bill: Income tax proposal of April 4263
Details
Submitted by[?]: Révolution Rouge
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: December 4263
Description[?]:
| We have created a more structured system of income tax that will greatly increase taxes on the rich and ruduce taxes for the poor. |
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 |
| > 25,000 LFR | 10% | 0 LFR |
| > 50,000 LFR | 20% | 0 LFR |
| > 75,000 LFR | 30% | 0 LFR |
| > 100,000 LFR | 40% | 0 LFR |
| > 125,000 LFR | 50% | 0 LFR |
| > 150,000 LFR | 60% | 0 LFR |
| > 175,000 LFR | 70% | 0 LFR |
| > 200,000 LFR | 80% | 0 LFR |
| > 225,000 LFR | 90% | 0 LFR | Total | 0 LFR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 273 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 76 |
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| Random quote: "Who are the militia? Are they not ourselves? Is it feared, then, that we shall turn our arms each man gainst his own bosom. Congress have no power to disarm the militia. Their swords, and every other terrible implement of the soldier, are the birthright of an American...[T]he unlimited power of the sword is not in the hands of either the federal or state governments, but, where I trust in God it will ever remain, in the hands of the people." - Tenche Coxe |