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Bill: Income tax to fix Economy
Details
Submitted by[?]: Neo-Idealist Social Lodamese 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: June 4780
Description[?]:
| We realized there is a budget deficit so we decided that we need to raise taxes to cover up all the expenses made by the government. |
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 |
| > 1,000 LOD | 5% | 5,519,000,000 LOD |
| > 3,000 LOD | 20% | 13,667,000,000 LOD |
| > 5,000 LOD | 55% | 20,973,000,000 LOD |
| > 8,000 LOD | 85% | 11,891,000,000 LOD |
| > 12,000 LOD | 99% | 457,000,000 LOD | Total | 52,507,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 309 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 290 |
| Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
| Random quote: "Only the educated are free." - Epictetus |