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Bill: tax proposal of May 2940
Details
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: January 2941
Description[?]:
| The Tea Party propose to adjust the government's income tax policy to better address the economic situation of the Ascendant Union Of Greater Likatonia. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 3
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 12
Proposed: 15
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 |
| > 2,500 LIK | 10% | 14,383,000,000 LIK |
| > 5,000 LIK | 15% | 38,778,000,000 LIK |
| > 10,000 LIK | 20% | 80,229,000,000 LIK | Total | 133,390,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 0 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 99 |
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| Random quote: "Before you embark on a journey of revenge, dig two graves." - Confucius |