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Bill: Income tax proposal of March 2562
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 not pass any sooner than the deadline.
Voting deadline: November 2562
Description[?]:
| The Artists & Poets of Likatonia 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
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 3
Proposed: 1
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 12
Proposed: 25
Article 3
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 |
| > 10,000 LIK | 10% | 28,297,000,000 LIK |
| > 21,500 LIK | 20% | 15,747,000,000 LIK |
| > 30,000 LIK | 25% | 9,773,000,000 LIK | Total | 53,817,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes | Total Seats: 59 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 607 |
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