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Bill: Income tax proposal of March 4313
Details
Submitted by[?]: Social Democratic Party
Status[?]: defeated
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: November 4313
Description[?]:
| The Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the The United Federal Republic of Great Luthori. |
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 |
| > 2,500 LPD | 5% | 6,628,000,000 LPD |
| > 5,000 LPD | 10% | 15,572,000,000 LPD |
| > 10,000 LPD | 15% | 9,612,000,000 LPD |
| > 15,000 LPD | 20% | 3,409,000,000 LPD |
| > 20,000 LPD | 25% | 1,605,000,000 LPD |
| > 25,000 LPD | 30% | 1,497,000,000 LPD | Total | 38,323,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 16:28:08, December 06, 2017 CET | From | Prosecutor Party | To | Debating the Income tax proposal of March 4313 |
| Message | Mr.Speaker This proposal will create huge deficits |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 245 | ||||
| abstain | Total Seats: 505 |
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