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Bill: Income tax proposal of March 4516
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: August 4518
Description[?]:
The Lodamese Workers' Assembly 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 |
> 1,400 LOD | 10% | 7,767,000,000 LOD |
> 2,800 LOD | 15% | 4,907,000,000 LOD |
> 3,500 LOD | 18% | 6,153,000,000 LOD |
> 4,500 LOD | 20% | 2,256,000,000 LOD |
> 5,000 LOD | 30% | 5,357,000,000 LOD |
> 6,000 LOD | 35% | 3,984,000,000 LOD |
> 7,000 LOD | 40% | 4,956,000,000 LOD |
> 8,500 LOD | 45% | 3,278,000,000 LOD |
> 10,000 LOD | 50% | 1,609,000,000 LOD |
> 12,000 LOD | 55% | 254,000,000 LOD | Total | 40,521,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 179 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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