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Bill: Income tax proposal of August 2610
Details
Submitted by[?]: Spenocratic 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 not pass any sooner than the deadline.
Voting deadline: April 2611
Description[?]:
| The Spenocratic Party propose to adjust the government's tax policy to better address the economic situation of the Immeressent Likatonian Interregnum. We believe that people should only be taxed of income, not of what they buy (be it essential or luxury) or what their business makes. This setup will bring in a little bit more revenue while having overall lower rates. By abolishing the sales tax, we should increase sales, allowing for a boost in the economy. We also like to see a flat income tax so that everyone is on the same playing feild and no one is being penalized for productivity. Along with this bill is a spending bill. The spending bill will fit the budget whether this passes or not. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 32
Current: 15
Proposed: 0
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 3
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 12
Proposed: 0
Article 4
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 |
| > 1 LIK | 19% | 179,411,000,000 LIK | Total | 179,411,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 03:07:02, July 24, 2008 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of August 2610 |
| Message | We oppose articles 1,3 and 4. |
| Date | 18:31:01, July 24, 2008 CET | From | Red Tory Party | To | Debating the Income tax proposal of August 2610 |
| Message | We are unsure about Article 1, but are inclined to vote in favour. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 222 | ||||
| no | Total Seats: 385 | ||||
| abstain | Total Seats: 59 |
| Random fact: Alduria, Rildanor and Lourenne all have Canrilaise (French) cultures. |
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