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Bill: Income tax proposal of December 5279
Details
Submitted by[?]: National Reform 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: August 5280
Description[?]:
The National Reform Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Lodamun (Lodamun). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 3
Current: 5
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 40
Current: 25
Proposed: 30
Article 4
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 | 3% | 1,717,000,000 LOD |
> 2,000 LOD | 8% | 4,232,000,000 LOD |
> 3,000 LOD | 18% | 7,485,000,000 LOD |
> 4,000 LOD | 23% | 6,117,000,000 LOD |
> 5,000 LOD | 28% | 10,652,000,000 LOD |
> 8,000 LOD | 33% | 4,759,000,000 LOD | Total | 34,962,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 365 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
Random fact: When you join the game, you will find yourself with only zero seats. That's because your party's representatives haven't been elected yet. You need to establish your party's position on issues by proposing several bills that your party wants passed and sending them to vote. This raises your visibility and if you do it enough, you will win seats at the next election. |
Random quote: "Democracy is a pathetic belief in the collective wisdom of individual ignorance." - H. L. Mencken |