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Bill: Income tax proposal of November 4457
Details
Submitted by[?]: Authoritarian Luthori Alliance
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: July 4458
Description[?]:
This change to the taxation system comes in order to stimulate the currently stagnant economy. These cuts have been accounted for with the proposed budget. The luxury sales tax has been slightly increased and a small essential goods tax has been introduced to compensate for some of the additional cuts made. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 6
Proposed: 5
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 21
Proposed: 30
Article 3
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 |
> 200 LPD | 10% | 10,133,000,000 LPD |
> 2,000 LPD | 25% | 25,285,000,000 LPD |
> 3,800 LPD | 40% | 40,846,000,000 LPD |
> 6,000 LPD | 65% | 66,277,000,000 LPD |
> 9,500 LPD | 80% | 81,849,000,000 LPD | Total | 224,390,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes | Total Seats: 47 | ||||
no |
Total Seats: 101 | ||||
abstain | Total Seats: 250 |
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: "Anarchy is the true nature of all things. Monarchy, democracy, communism, all useless forms to control the human mind. But a mind cannot be controlled. It cannot be restrained. It has no boundaries. It has its will. Anarchy is the true nature of all things." - Alex Battig |