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Bill: RPL bill 016 - Income Tax
Details
Submitted by[?]: Red Party of Luthori
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: August 4696
Description[?]:
| We, the RPL propose raising taxes for the rich by a little bit, so we won't go into billions and billions of debt |
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 | 8% | 2,253,000,000 LPD |
| > 1,000 LPD | 13% | 7,323,000,000 LPD |
| > 2,000 LPD | 25% | 14,082,000,000 LPD |
| > 3,000 LPD | 30% | 16,624,000,000 LPD |
| > 4,000 LPD | 40% | 19,441,000,000 LPD |
| > 5,000 LPD | 50% | 21,516,000,000 LPD |
| > 6,000 LPD | 61% | 41,123,000,000 LPD |
| > 8,000 LPD | 71% | 31,827,000,000 LPD |
| > 10,000 LPD | 71% | 65,438,000,000 LPD | Total | 219,627,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:22:40, January 15, 2020 CET | From | Socialist Party | To | Debating the RPL bill 016 - Income Tax |
| Message | Mr. Speaker, We do not believe there is a need to raise taxes at the moment. The deficit will solve itself as our new measures will increase consumption and restart the economy. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 31 | ||||||
| no |
Total Seats: 75 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "A son can bear with equanimity the loss of his father, but the loss of his inheritance may drive him to despair." - Niccolo Machiavelli |