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Bill: Income tax proposal of March 2321
Details
Submitted by[?]: Black People's 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: November 2321
Description[?]:
| The Black People's Party propose to adjust the government's income tax policy to better address the economic situation of the Five Nations of Lodamun. A flat tax system hurts the poor more and helps the rich. |
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% | 5,739,000,000 LOD |
| > 2,000 LOD | 15% | 4,157,000,000 LOD |
| > 2,500 LOD | 20% | 9,644,000,000 LOD |
| > 3,500 LOD | 25% | 8,544,000,000 LOD |
| > 4,500 LOD | 35% | 7,377,000,000 LOD |
| > 5,500 LOD | 40% | 5,725,000,000 LOD |
| > 6,500 LOD | 50% | 8,755,000,000 LOD |
| > 8,500 LOD | 60% | 4,370,000,000 LOD |
| > 10,000 LOD | 70% | 2,575,000,000 LOD | Total | 56,886,000,000 LOD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 329 | |||
| no | Total Seats: 324 | |||
| abstain | Total Seats: 97 |
| Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
| Random quote: "Taxes, after all, are dues that we pay for the privileges of membership in an organized society." - Franklin D. Roosevelt |