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Bill: Income tax proposal of June 4865
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 not pass any sooner than the deadline.
Voting deadline: July 4866
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
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 6
Proposed: 2
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 20
Proposed: 17
Article 3
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 | 3% | 1,692,000,000 LPD |
| > 1,000 LPD | 17% | 14,395,000,000 LPD |
| > 2,500 LPD | 27% | 57,566,000,000 LPD |
| > 7,000 LPD | 50% | 37,438,000,000 LPD |
| > 10,000 LPD | 55% | 35,229,000,000 LPD |
| > 15,000 LPD | 60% | 10,227,000,000 LPD |
| > 20,000 LPD | 65% | 4,171,000,000 LPD |
| > 25,000 LPD | 70% | 3,492,000,000 LPD | Total | 164,210,000,000 LPD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:45:23, December 22, 2020 CET | From | Democratic Party of Luthori (CAL) | To | Debating the Income tax proposal of June 4865 |
| Message | Democratic Party of Luthori think this taxation is too much communist. Under no circumstances should we tax anyone above 65%. |
| Date | 22:21:58, December 22, 2020 CET | From | Luthorian Conservative Party 🔵 | To | Debating the Income tax proposal of June 4865 |
| Message | Mr. Speaker, We have always taxed persons in the past around 65%, this is a balanced approach of tax increases as well as tax cuts for the poor and middle classes. The 65% and 70% are new tax brackets. I don't want to gut the budget, which many people depend on the social services. So I'm trying to make cuts and increase taxes on the top percent which I was totally thought my friends on the left would be for. Grace Frost Chancellor |
| Date | 22:58:12, December 22, 2020 CET | From | Forward! | To | Debating the Income tax proposal of June 4865 |
| Message | Mr Speaker, The Liberal Alternative support this. We understand the need for a balanced Budget. We think the the DCP will agree with us and if that is the case this bill will pass. CAL is not forced to vote together. Deborah Day, MP |
| Date | 16:07:35, December 23, 2020 CET | From | Luthorian Conservative Party 🔵 | To | Debating the Income tax proposal of June 4865 |
| Message | Mr. Speaker, Once the budget is under control we will be cutting taxes again this is only temporally. Grace Frost Prime Minster |
| Date | 16:20:45, December 23, 2020 CET | From | Democratic Party of Luthori (CAL) | To | Debating the Income tax proposal of June 4865 |
| Message | Mr Speaker, After reconsidering, we decided to vote for this bill because we appreacite on what LCP has compromised with us. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 98 | |||||
| no |
Total Seats: 14 | |||||
| abstain |
Total Seats: 38 |
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