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Bill: Income tax proposal of February 2462
Details
Submitted by[?]: Democratic Workers' Party and CTUL List
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: July 2463
Description[?]:
The Democratic Workers' Party propose to adjust the government's income tax policy to better address the economic situation of the Axis Mundi Likatonian Res Publica. The Finance Minister Frederika Falchetka's statement is as follows, "Married with the newly-drawn budgetary investment proposal, this taxation bill perfectly deals with cutting governmental financial waste. We propose to eliminate the lower income tax bracket, and merge the middle and upper tax brackets to a reduced rate of 4%. Even after this we will have just over a sixtieth of the revenue surplus we currently maintain; ample enough money for emergency allowances." |
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 |
> 30,000 LIK | 4% | 1,563,000,000 LIK | Total | 1,563,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 21:28:49, September 27, 2007 CET | From | Democratic Workers' Party and CTUL List | To | Debating the Income tax proposal of February 2462 |
Message | We are extremely open to negotiation over this proposed taxation amendment. |
Date | 13:57:03, September 29, 2007 CET | From | Libertà Parti | To | Debating the Income tax proposal of February 2462 |
Message | Not only do we believe the income tax is unfair, but it is an insignificant portion of our budget. However, this bill cuts income tax off of the backs of the poor, and reduces the total unnecessary income tax. Not what we want, but this is a good first step. We vote yes. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 418 | ||||
no | Total Seats: 0 | ||||
abstain |
Total Seats: 248 |
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