We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Income tax proposal of May 4541
Details
Submitted by[?]: Lodamese Democratic Progressive 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 not pass any sooner than the deadline.
Voting deadline: June 4542
Description[?]:
| The New Green Party of Lodamun propose to adjust the government's income tax policy to better address the economic situation of the 1st Co-operative Federative Republic of Lodamun. We are proposing an income tax system that should amount to a cut in much of the people's income taxes. We are also proposing to put establish a corporation tax, as well as a small sales tax and a luxury tax. As soon as this bill passes and we start to see how the economy adjusts, we will move on to reviewing our government spending. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 30
Proposed: 30
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 25
Proposed: 20
Article 4
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 LOD | 5% | 1,436,000,000 LOD |
| > 2,000 LOD | 8% | 2,219,000,000 LOD |
| > 2,500 LOD | 10% | 4,827,000,000 LOD |
| > 3,500 LOD | 15% | 5,131,000,000 LOD |
| > 4,500 LOD | 25% | 7,289,000,000 LOD |
| > 6,000 LOD | 35% | 5,678,000,000 LOD |
| > 7,500 LOD | 40% | 4,268,000,000 LOD |
| > 9,000 LOD | 45% | 2,987,000,000 LOD |
| > 11,000 LOD | 55% | 678,000,000 LOD | Total | 34,513,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 09:41:12, March 07, 2019 CET | From | Grand Nationalist Fraction | To | Debating the Income tax proposal of May 4541 |
| Message | Mr. Speaker, we support this proposal. Louis Verdickt Deputy for LWA |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||
| yes | Total Seats: 158 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 142 |
| Random fact: You can view who's online (i.e. been active the last 10 minutes) at the bottom of the menu (either at the top or the side). |
| Random quote: "The political ballot box stands for willingness to be ruled by somebody other than yourself." - Alvin Lowi, Jr. |