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Bill: Income tax proposal of December 2502
Details
Submitted by[?]: AM Radical Libertarian Party
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: September 2504
Description[?]:
| The AM Radical Libertarian Party 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 |
| > 19,000 LIK | 20% | 30,212,000,000 LIK | Total | 30,212,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 17:32:17, December 18, 2007 CET | From | AM Radical Libertarian Party | To | Debating the Income tax proposal of December 2502 |
| Message | Those of our citizens currently earning between 5715 LIK and 19,000 LIK do not need to be taxed in order to support a surplus. With Our corresponding small cut in the budget of the Ministry of Silly Walks, I mean the Ministry of Education and Culture, we can free them from this burden and not descend into defecit spending. |
| Date | 23:28:10, December 18, 2007 CET | From | Söhne der Freiheit | To | Debating the Income tax proposal of December 2502 |
| Message | Absolutely yes. |
| Date | 11:33:00, December 19, 2007 CET | From | Democratic Workers' Party and CTUL List | To | Debating the Income tax proposal of December 2502 |
| Message | We agree with the principle of cutting tax for lower earners, but we cannot support this bill as it currently stands given our opposition to the budget proposal - the figures would not add up. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 344 | ||||
| no | Total Seats: 197 | ||||
| abstain | Total Seats: 125 |
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