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Bill: DSP - Revised Finances: Taxes
Details
Submitted by[?]: Democratic Socialist Party of Lodamun
Status[?]: defeated
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: March 2270
Description[?]:
| The Democratic Socialist Party of Lodamun 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% | 1,907,000,000 LOD |
| > 1,333 LOD | 12% | 2,295,000,000 LOD |
| > 1,667 LOD | 13% | 2,479,000,000 LOD |
| > 2,000 LOD | 15% | 2,799,000,000 LOD |
| > 2,333 LOD | 17% | 3,023,000,000 LOD |
| > 2,667 LOD | 18% | 2,967,000,000 LOD |
| > 3,000 LOD | 20% | 3,108,000,000 LOD |
| > 3,333 LOD | 22% | 3,085,000,000 LOD |
| > 3,667 LOD | 23% | 2,769,000,000 LOD |
| > 4,000 LOD | 25% | 2,710,000,000 LOD |
| > 4,333 LOD | 27% | 2,270,000,000 LOD |
| > 4,667 LOD | 28% | 2,058,000,000 LOD |
| > 5,000 LOD | 30% | 2,011,000,000 LOD |
| > 5,333 LOD | 35% | 2,057,000,000 LOD |
| > 5,667 LOD | 40% | 2,093,000,000 LOD |
| > 6,000 LOD | 45% | 1,980,000,000 LOD |
| > 6,333 LOD | 47% | 1,678,000,000 LOD |
| > 6,667 LOD | 48% | 1,626,000,000 LOD |
| > 7,000 LOD | 50% | 2,867,000,000 LOD |
| > 7,600 LOD | 51% | 2,331,000,000 LOD |
| > 8,200 LOD | 52% | 2,056,000,000 LOD |
| > 8,800 LOD | 53% | 1,659,000,000 LOD |
| > 9,400 LOD | 54% | 1,213,000,000 LOD |
| > 10,000 LOD | 55% | 2,024,000,000 LOD |
Total | 55,065,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
| Date | 04:32:58, August 11, 2006 CET |
From | Democratic Socialist Party of Lodamun | To | Debating the DSP - Revised Finances: Taxes | | Message | It looks long and more complex, but here's why I changed this:
1. The income brackets are divided into thirds, making therm more accurate based on how much each citizen earns.
2. While it makes the system more effective, it also increases income tax revenue by 8.2%.
What could be wrong with it? |
| Date | 08:16:58, August 11, 2006 CET |
From | Black People's Party | To | Debating the DSP - Revised Finances: Taxes | | Message | Now that i think of it, I do have to agree with the CPP. But we could always higher corporate taxes to maybe about 30% instead of the normal 25%... |
| Date | 08:21:06, August 11, 2006 CET |
From | Black People's Party | To | Debating the DSP - Revised Finances: Taxes | | Message | ALRIGHT, i have mixed views on this. If this is passed we can get the new DSP's Budget passed which is a good budget if we can get that much money...i might support this, i might not...i really don't know right now... |
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| Vote |
Seats |
| yes | Total Seats: 145 |
| no | Total Seats: 487 |
| abstain | Total Seats: 0 |
| Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
| Random quote: "Power corrupts, and absolute power corrupts absolutely." - John Dalberg-Acton |