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Bill: Income tax proposal of June 4670
Details
Submitted by[?]: Patriots 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: February 4671
Description[?]:
| The Patriots Party propose to adjust the government's income tax policy to better address the economic situation of the Holy Luthorian Empire (Luthori). |
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 |
| > 500 LPD | 10% | 2,822,000,000 LPD |
| > 1,000 LPD | 15% | 8,467,000,000 LPD |
| > 2,000 LPD | 25% | 14,112,000,000 LPD |
| > 3,000 LPD | 30% | 16,659,000,000 LPD |
| > 4,000 LPD | 40% | 19,482,000,000 LPD |
| > 5,000 LPD | 45% | 19,407,000,000 LPD |
| > 6,000 LPD | 50% | 33,784,000,000 LPD |
| > 8,000 LPD | 60% | 26,968,000,000 LPD |
| > 10,000 LPD | 70% | 64,734,000,000 LPD | Total | 206,435,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 15:33:13, November 25, 2019 CET | From | Patriots Party | To | Debating the Income tax proposal of June 4670 |
| Message | Mr Speaker, With a 12 Billion surplus, we are proposing further tax cuts. The third bracket goes from 30% to 25%, while the fourth bracket falls from 35% to 30%. These tax cuts help the working/middle class and put some money back into their hard working pockets! Even with these proposals we would still have quite a big surplus! |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 328 | |||||
| no |
Total Seats: 0 | |||||
| abstain |
Total Seats: 90 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: "It is never too late to give up our prejudices." - Henry David Thoreau |