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Bill: Anarch Anakrousite Income Tax Reform Proposal - (2131)
Details
Submitted by[?]: Commonwealth Workers Army
Status[?]: passed
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 2132
Description[?]:
The Anarch Anakrousite Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Likatonia. The AAP envisions - if the Spending AND Taxation Proposals are accepted - about 6 billion LIK surplus per annum. This AAP proposal cuts off another tier of lowest-income Likatonians, whilst simultaneously removing the entire Corporation Tax burden - in order to encourage more industry within Likatonian borders. So - while some lower-income Likatonians get released from a tax burden at the lower end of the spectrum, those who benefit from returns on investment stand to gain dividends calculated on substantially higher profits, at the higher end of the spectrum. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 15
Proposed: 0
Article 2
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 |
> 2,259 LIK | 20% | 26,010,000,000 LIK |
> 4,519 LIK | 30% | 73,457,000,000 LIK |
> 9,038 LIK | 40% | 110,725,000,000 LIK |
> 18,075 LIK | 50% | 82,882,000,000 LIK | Total | 293,074,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 21:40:35, October 26, 2005 CET | From | AM Radical Libertarian Party | To | Debating the Anarch Anakrousite Income Tax Reform Proposal - (2131) |
Message | I would like to see a reduction of the corporate tax rates to go along with this, as we will be generating a considerable surplus under the proposed taxation ands spending plans. |
Date | 21:49:19, October 26, 2005 CET | From | Commonwealth Workers Army | To | Debating the Anarch Anakrousite Income Tax Reform Proposal - (2131) |
Message | The AAP would like to assure the RLP that this particular Proposal is still in progress, and that Corporation Tax is intended to be the next amendment, very shortly. |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 308 | |||||
no | Total Seats: 0 | |||||
abstain | Total Seats: 192 |
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