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Bill: Peace Dividend Tax Relief Bill
Details
Submitted by[?]: Lodamun Democratic Socialist 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: June 4302
Description[?]:
A bill to adjust tax rates. |
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 | 4% | 1,723,000,000 LOD |
> 1,250 LOD | 8% | 3,446,000,000 LOD |
> 2,000 LOD | 15% | 18,223,000,000 LOD |
> 5,000 LOD | 25% | 8,522,000,000 LOD |
> 7,500 LOD | 35% | 5,200,000,000 LOD |
> 10,000 LOD | 50% | 1,842,000,000 LOD | Total | 38,956,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
Date | 18:07:36, November 12, 2017 CET | From | Lodamun Democratic Socialist Party | To | Debating the Peace Dividend Tax Relief Bill |
Message | Mr Speaker, Alongside our bill to reduce defence spending, I am pleased to present a proposal to provide LOD 1bn in tax relief in the bottom tax brackets, which all citizens must pay. A modest adjustment for those on the very highest incomes will also help balance this spending, and ensure that benefit is concentrated on those for whom it would have the most impact. Jeffrey MacConnell Minister of Finance |
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Voting
Vote | Seats | ||
yes | Total Seats: 303 | ||
no | Total Seats: 205 | ||
abstain | Total Seats: 0 |
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