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Bill: Income tax proposal of February 2253
Details
Submitted by[?]: Almighty Lodamunian Front (ALF)
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 2254
Description[?]:
| The Lodamun Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Five Nations of 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% | 5,740,000,000 LOD |
| > 2,000 LOD | 15% | 7,958,000,000 LOD |
| > 3,000 LOD | 20% | 8,340,000,000 LOD |
| > 4,000 LOD | 25% | 6,665,000,000 LOD |
| > 5,000 LOD | 30% | 5,358,000,000 LOD |
| > 6,000 LOD | 45% | 5,124,000,000 LOD |
| > 7,000 LOD | 50% | 9,838,000,000 LOD |
| > 10,000 LOD | 55% | 2,024,000,000 LOD | Total | 51,047,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 11:16:38, July 12, 2006 CET | From | Almighty Lodamunian Front (ALF) | To | Debating the Income tax proposal of February 2253 |
| Message | this is a more progressive system of taxation. will allow the lower income people to keep more of their money. It will also generate more income for us to spend on other things |
| Date | 23:01:34, July 12, 2006 CET | From | Democratic Socialist Party of Lodamun | To | Debating the Income tax proposal of February 2253 |
| Message | Looks good to me too, actually. Considerable surplus and less weight on the average Lodamunian. |
| Date | 23:38:46, July 12, 2006 CET | From | Black People's Party | To | Debating the Income tax proposal of February 2253 |
| Message | The BPP will support this. |
| Date | 11:30:52, July 13, 2006 CET | From | Gnazenal Phr'unt | To | Debating the Income tax proposal of February 2253 |
| Message | Less weight on the average Lodamun? Are you joking? Currently noone earning under 4,000 Lods pays tax, this proposal actually causes the poor to pay tax, wilst simultaneously taking a larger chunk of the wealthiers income. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 426 | |||||
| no |
Total Seats: 0 | |||||
| abstain |
Total Seats: 275 |
| Random fact: "Spamming", or the indiscriminate posting of unsolicited messages, is not allowed. |
| Random quote: "Politics have no relation to morals." - Niccolo Machiavelli |