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Bill: Income tax proposal of August 5009
Details
Submitted by[?]: Democratic 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: April 5010
Description[?]:
| The Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the United States of Northern Seleya (Lodamun). |
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 | 10% | 8,492,000,000 LOD |
| > 2,500 LOD | 20% | 18,696,000,000 LOD |
| > 5,000 LOD | 40% | 13,595,000,000 LOD |
| > 7,500 LOD | 60% | 11,099,000,000 LOD | Total | 51,882,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 80 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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