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Bill: Income Tax of May 3116
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: January 3117
Description[?]:
| The House of Occitane proposes to re-adjust the government's income tax policy to better address the economic situation of the Kingdom of Likatonia. Considering the economic situation and the rampant deficit spending over the years, this government proposes to reduce the number tax brackets while maintaining tax rates. This will at once ease the burden on the poorest while keeping tax revenue streams consistent. Signed, Léopold 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 |
| > 5,000 LIK | 12% | 20,057,000,000 LIK |
| > 8,000 LIK | 15% | 25,564,000,000 LIK |
| > 12,000 LIK | 19% | 21,935,000,000 LIK |
| > 16,000 LIK | 24% | 19,721,000,000 LIK |
| > 21,000 LIK | 30% | 13,243,000,000 LIK |
| > 25,000 LIK | 37% | 15,017,000,000 LIK |
| > 30,000 LIK | 45% | 12,055,000,000 LIK |
| > 36,000 LIK | 54% | 6,648,000,000 LIK | Total | 134,240,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 75 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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