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Bill: Income tax proposal of June 4861
Details
Submitted by[?]: Luthorian Conservative 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 4862
Description[?]:
| The Luthorian Conservative 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 |
| > 1 LPD | 5% | 2,821,000,000 LPD |
| > 1,000 LPD | 20% | 16,946,000,000 LPD |
| > 2,500 LPD | 30% | 64,002,000,000 LPD |
| > 7,000 LPD | 35% | 26,226,000,000 LPD |
| > 10,000 LPD | 40% | 25,631,000,000 LPD |
| > 15,000 LPD | 50% | 8,524,000,000 LPD |
| > 20,000 LPD | 60% | 6,847,000,000 LPD | Total | 150,997,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 22:20:41, December 14, 2020 CET | From | Luthorian Conservative Party 🔵 | To | Debating the Income tax proposal of June 4861 |
| Message | Mr. Speaker, With the steep budget cuts and a balanced budget once again the Conservative Party has decided to cut taxes for all people in our nation. The poorest and the wealthiest have have seen a reduction in taxes. We will make sure that any if a budget issues arises from this new tax brackets we will address before the end of a year to not run a deficit. Grace Frost Chancellor of the Exchequer |
| Date | 22:20:43, December 14, 2020 CET | From | Luthorian Conservative Party 🔵 | To | Debating the Income tax proposal of June 4861 |
| Message | Mr. Speaker, With the steep budget cuts and a balanced budget once again the Conservative Party has decided to cut taxes for all people in our nation. The poorest and the wealthiest have have seen a reduction in taxes. We will make sure that any if a budget issues arises from this new tax brackets we will address before the end of a year to not run a deficit. Grace Frost Chancellor of the Exchequer |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 77 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 73 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems, the problems of life and of human relations, of creation and behaviour and religion." - John Maynard Keynes |