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Bill: Income tax proposal of March 4853
Details
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: November 4853
Description[?]:
The Liberal Alternative 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 |
> 1 LPD | 10% | 5,632,000,000 LPD |
> 1,000 LPD | 20% | 16,914,000,000 LPD |
> 2,500 LPD | 30% | 63,876,000,000 LPD |
> 7,000 LPD | 35% | 26,169,000,000 LPD |
> 10,000 LPD | 45% | 28,770,000,000 LPD |
> 15,000 LPD | 55% | 9,342,000,000 LPD |
> 20,000 LPD | 65% | 7,346,000,000 LPD | Total | 158,049,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
Date | 11:30:04, November 28, 2020 CET | From | Forward! | To | Debating the Income tax proposal of March 4853 |
Message | Mr Speaker, This taxation bill will treat people more fairly and means that they will only pay what they can afford. Cleveland Novak |
Date | 11:33:33, November 28, 2020 CET | From | National Movement | To | Debating the Income tax proposal of March 4853 |
Message | Mr. Speaker, With the LA budget, everything is going over the roof. Less taxes, more spending, that's your plan. This is not responsible. And 65% taxes, that's obviously way too high, that's thief! You communists! Mary of Hurrington, MP. |
Date | 18:56:13, November 28, 2020 CET | From | Forward! | To | Debating the Income tax proposal of March 4853 |
Message | Mr Speaker, The government will raise business taxes to cover the gap. Cleveland Novak |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 84 | ||||
no |
Total Seats: 66 | ||||
abstain | Total Seats: 0 |
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