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Bill: Income tax proposal of June 5315
Details
Submitted by[?]: Commonwealth Redemption 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 5316
Description[?]:
| The Commonwealth Redemption Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Lodamun (Lodamun). We propose a simplification of the tax codes. Fewer brackets. |
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% | 5,726,000,000 LOD |
| > 2,000 LOD | 20% | 18,907,000,000 LOD |
| > 4,000 LOD | 30% | 19,395,000,000 LOD |
| > 8,000 LOD | 40% | 5,774,000,000 LOD | Total | 49,802,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 240 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 195 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "If a female president can come here and be treated equally, why can't any other woman?" - Jewell C. Stillman, former Lourennais politician (on equal rights in Badara) |