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Bill: Income Tax of June 3114
Details
Submitted by[?]: House of Occitane
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: February 3115
Description[?]:
The House of Occitane propose to adjust the government's income tax policy to better address the economic situation of the FederatĂvnej Republiky Likatonia. Considering the economic situation and the rampant overspending over the years, this government proposes to increase tax rates, particularly for those who are well off, but lowering the tax rates for the less privileged. Signed, LĂ©opold d'Occitane Minister of Finance |
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 |
> 1,000 LIK | 1% | 862,000,000 LIK |
> 2,500 LIK | 10% | 14,372,000,000 LIK |
> 5,000 LIK | 12% | 20,063,000,000 LIK |
> 8,000 LIK | 15% | 25,573,000,000 LIK |
> 12,000 LIK | 19% | 21,939,000,000 LIK |
> 16,000 LIK | 24% | 19,723,000,000 LIK |
> 21,000 LIK | 30% | 13,244,000,000 LIK |
> 25,000 LIK | 37% | 15,019,000,000 LIK |
> 30,000 LIK | 45% | 12,044,000,000 LIK |
> 36,000 LIK | 54% | 6,641,000,000 LIK | Total | 149,480,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes |
Total Seats: 529 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
Random quote: "Remember that government doesn't earn one single dollar it spends. In order for you to get money from the government, that money must first be taken from somebody else." - Governor Jesse Ventura |