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Bill: Income tax proposal of August 4348
Details
Submitted by[?]: Grand Nationalist Fraction
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: October 4351
Description[?]:
The Lodamese Nationalist Committee propose to adjust the government's income tax policy to better address the economic situation of the 2nd Great Democratic Republic of Lodamun. |
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 |
> 300 LOD | 4% | 689,000,000 LOD |
> 600 LOD | 7% | 2,613,000,000 LOD |
> 1,250 LOD | 12% | 8,497,000,000 LOD |
> 2,500 LOD | 15% | 12,370,000,000 LOD |
> 4,500 LOD | 20% | 5,832,000,000 LOD |
> 6,000 LOD | 30% | 7,135,000,000 LOD |
> 8,500 LOD | 40% | 2,914,000,000 LOD |
> 10,000 LOD | 45% | 1,450,000,000 LOD |
> 12,000 LOD | 50% | 230,000,000 LOD | Total | 41,730,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
Date | 05:56:58, February 15, 2018 CET | From | Lodamese Democratic Progressive Party | To | Debating the Income tax proposal of August 4348 |
Message | Mr. Speaker, The NGPoL will absolutely not support this proposal. The last thing we should be doing is increasing the taxes on the poor! Bailey Nago, NGPoL Chairwoman |
Date | 11:07:03, February 15, 2018 CET | From | Grand Nationalist Fraction | To | Debating the Income tax proposal of August 4348 |
Message | Mr. Speaker, where are the poor in Lodamun? During the last few decades, there were many improvements and the standard has been set much higher than it has ever been. There are no more poor people in Lodamun, only less fortunate. Roderick Parcell Minister of Finance |
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Voting
Vote | Seats | ||
yes | Total Seats: 359 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 240 |
Random fact: Cabinet ministers who disagree seriously with the head of government would usually be expected to resign. Parties within the cabinet may attempt to manoeuvre to replace the head of government though, for example by proposing a new cabinet bill or voting for an early election. |
Random quote: "I think it's about time we voted for senators with breasts. After all, we've been voting for boobs long enough." - Clarie Sargent |