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Bill: Income tax proposal of September 4435
Details
Submitted by[?]: Lodamese National 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: May 4436
Description[?]:
| The Lodamese National Democratic Party 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 |
| > 1,550 LOD | 10% | 10,392,000,000 LOD |
| > 3,550 LOD | 20% | 6,665,000,000 LOD |
| > 4,550 LOD | 15% | 6,698,000,000 LOD |
| > 7,550 LOD | 28% | 5,022,000,000 LOD |
| > 12,550 LOD | 38% | 55,000,000 LOD | Total | 28,832,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 14:39:42, August 08, 2018 CET | From | Progressive Socialist Party | To | Debating the Income tax proposal of September 4435 |
| Message | Mr. Speaker, with tax cut after tax cut Lodamun will run such a massive deficit in the near future that we cannot sustain the value of the LOD. We really wish the coalition to calculate the costs of cutting taxes this majorly. Because 3 million LOD on the budget isn't going to cut it. At last we do know that if any right-wing party decrees that the left cannot handle money, they are just bluster. Because these decisions have no foot in reality. Harry Mardoval PSP Spokesperson on Finance |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 151 | |||||
| no |
Total Seats: 329 | |||||
| abstain | Total Seats: 115 |
| Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
| Random quote: "You have to remember one thing about the will of the people: it wasn't that long ago that we were swept away by the Macarena." - Jon Stewart |