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Bill: Income Tax of January 3117
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 3118
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 further ease the burden on the poorest while keeping tax revenue streams consistent, while negating surpluses and putting money back into the hands of citizens. 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 | 10% | 16,737,000,000 LIK |
| > 8,000 LIK | 13% | 22,186,000,000 LIK |
| > 12,000 LIK | 17% | 19,651,000,000 LIK |
| > 16,000 LIK | 22% | 18,097,000,000 LIK |
| > 21,000 LIK | 28% | 12,371,000,000 LIK |
| > 25,000 LIK | 35% | 14,218,000,000 LIK |
| > 30,000 LIK | 43% | 11,519,000,000 LIK |
| > 36,000 LIK | 52% | 6,401,000,000 LIK | Total | 121,180,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 75 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: The people in your nation don't like inactive parties. When you often abstain from voting for a bill, they will dislike your party and your visibility to the electorate will decrease significantly. Low visibility will means you are likely to lose seats. So keep in mind: voting Yes or No is always better than Abstaining. |
| Random quote: "If a white man falls off a chair drunk, it's just a drunk. If a Negro does, it's the whole damn Negro race." - Bill Cosby |