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Bill: Income tax proposal of September 4389
Details
Submitted by[?]: Social Democratic 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: May 4390
Description[?]:
| The Social Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthori Empire. |
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 |
| > 1,500 LPD | 30% | 8,458,000,000 LPD |
| > 2,000 LPD | 40% | 22,556,000,000 LPD |
| > 3,000 LPD | 48% | 26,628,000,000 LPD |
| > 4,000 LPD | 58% | 28,217,000,000 LPD |
| > 5,000 LPD | 68% | 29,290,000,000 LPD |
| > 6,000 LPD | 70% | 26,297,000,000 LPD |
| > 7,000 LPD | 72% | 21,536,000,000 LPD |
| > 8,000 LPD | 75% | 102,896,000,000 LPD | Total | 265,878,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:03:14, May 07, 2018 CET | From | Social Democratic Party | To | Debating the Income tax proposal of September 4389 |
| Message | Mr Speaker, We herby wish to reverse the unjust tax increases on low income earners. Right wing goverment made it clear that their priority lies with those that earn the most, and that the people with the least income shall have nothing. We therefore propose to reverse the decisions the previous goverment made by eliminating the tax for those earning under 1500 LPD. Edgar Keaton Minister of Finance |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 299 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 109 |
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