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Bill: Income tax proposal of December 2359
Details
Submitted by[?]: Democratic National 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: August 2360
Description[?]:
| The Conservative Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Free Republic of Likatonia. |
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 |
| > 5,000 LIK | 18% | 104,278,000,000 LIK |
| > 25,000 LIK | 25% | 19,174,000,000 LIK |
| > 40,000 LIK | 45% | 1,346,000,000 LIK | Total | 124,798,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 12:30:27, February 14, 2007 CET | From | Democratic National Party | To | Debating the Income tax proposal of December 2359 |
| Message | We hope to one day have a system where by there are only two tax rates. People should be rewarded to work hard and earn an income. They should be allowed to enjoy the fruits of their labour. |
| Date | 12:30:29, February 14, 2007 CET | From | Democratic National Party | To | Debating the Income tax proposal of December 2359 |
| Message | We hope to one day have a system where by there are only two tax rates. People should be rewarded to work hard and earn an income. They should be allowed to enjoy the fruits of their labour. |
| Date | 17:54:10, February 14, 2007 CET | From | AM Radical Libertarian Party | To | Debating the Income tax proposal of December 2359 |
| Message | We oppose the progressive nature of the imcome tax, as those who work harder should not be penalized for it. This is a step in the right direction. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 21 | |||
| no |
Total Seats: 43 | |||
| abstain |
Total Seats: 101 |
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| Random quote: "The two greatest obstacles to democracy in the United States are, first, the widespread delusion among the poor that we have a democracy, and second, the chronic terror among the rich, lest we get it." - Edward Dowling |