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Bill: Income tax proposal of September 2482
Details
Submitted by[?]: Likaton Coalition of the Willing
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 2483
Description[?]:
| The Immeressence, Inc. propose to adjust the government's income tax policy to better address the economic situation of the Axis Mundi Likatonian Res Publica. |
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 | 1% | 2,584,000,000 LIK |
| > 10,000 LIK | 5% | 8,557,000,000 LIK |
| > 15,000 LIK | 10% | 9,323,000,000 LIK |
| > 20,000 LIK | 15% | 20,043,000,000 LIK |
| > 40,000 LIK | 60% | 1,794,000,000 LIK | Total | 42,301,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 06:01:53, November 08, 2007 CET | From | Kapitalist-Arbeitsfamilien Partei | To | Debating the Income tax proposal of September 2482 |
| Message | ADAMANTLY, ADAMANTLY, ADAMANTLY oppose!!! Come on, Immeressen!!! You were doing alright for the last couple of bills, but we CANNOT raise taxes on the poor and working class!!! |
| Date | 08:00:11, November 08, 2007 CET | From | Kapitalist-Arbeitsfamilien Partei | To | Debating the Income tax proposal of September 2482 |
| Message | *********************************************************************************************************************** Revenue[?] Income Taxes Bracket[?] Tax Revenue[?] > 10,000 LIK 20% 133,331,548,329 LIK Total 133,331,548,329 LIK [cf. http://80.237.164.51/particracy/main/budget.php?nationid=17] *********************************************************************************************************************** Under the CURRENT income tax system of Likatonia, the Government is taking in nearly DOUBLE (~200%) revenue than will occur under the proposed REGRESSIVE income tax scheme. |
| Date | 09:56:12, November 08, 2007 CET | From | Democratic Workers' Party and CTUL List | To | Debating the Income tax proposal of September 2482 |
| Message | We strongly favour increased taxes on upper-earning wage brackets, but strongly oppose the introduction of taxes on the less advantaged. |
| Date | 08:11:51, November 09, 2007 CET | From | Kapitalist-Arbeitsfamilien Partei | To | Debating the Income tax proposal of September 2482 |
| Message | [OOC]: DWP, how you DEFINE "less advantaged"? In other words, what would be your "cutoff line" in terms of income separating the "poor" from the "rich"??? I am OUT OF CHARACTER, so speak in terms of American or British Currency. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 149 | ||||
| no |
Total Seats: 421 | ||||
| abstain | Total Seats: 96 |
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