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Bill: Income tax proposal of September 2307
Details
Submitted by[?]: Social Liberal Party
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: May 2308
Description[?]:
| A drastic change in the economic system is absolutely necessary to reverse Lusitania's economic downfall. A new tax structure is needed to end and reverse the recession. If any of the other parties are familiar with economic principles (as I am), we will be implementing the Multiplier effect. There are many sources where you can grasp the basic concepts of this principle on the internet, however here is a simple diagram I've found on wikipedia. http://upload.wikimedia.org/wikipedia/en/0/0f/Simpmult.PNG This tax proposal needs a majority of votes to pass, so the Social Liberal Party needs the support of at least one more party. Vote but vote consciously. Lusitania WILL NOT reverse it's current recession without this proposed change that increases government revenue and spending in crucial areas. Make no mistake. The Libertarian policies of the Conservative Party's majority governments have failed our nation. The numbers do not lie. The Social Liberal Party has a proud economic record of growth to look back upon. We ask this house to vote favourably on this tax proposal and to trust us. |
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 |
| > 18,000 DAR | 15% | 90,546,000,000 DAR |
| > 32,000 DAR | 22% | 137,348,000,000 DAR |
| > 65,000 DAR | 26% | 36,854,000,000 DAR |
| > 85,000 DAR | 29% | 17,192,000,000 DAR | Total | 281,940,000,000 DAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 142 | ||
| no |
Total Seats: 158 | ||
| abstain | Total Seats: 0 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Nature provides a free lunch, but only if we control our appetites." - William Ruckelshaus |