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Bill: Progressive Tax System
Details
Submitted by[?]: Radical Left
Status[?]: defeated
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: November 3402
Description[?]:
The Radical Left propose to adjust the government's income tax policy to better address the social situation of the Federal Republic of Likatonia. |
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 |
> 10,000 LIK | 20% | 52,877,000,000 LIK |
> 20,000 LIK | 25% | 33,392,000,000 LIK |
> 40,000 LIK | 30% | 895,000,000 LIK | Total | 87,164,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 14:15:28, November 27, 2012 CET | From | Common Liberty | To | Debating the Progressive Tax System |
Message | For the revenue of the income taxes it will need 1,500,000,000 LIK to accomplish the current budget. From where should the money be taken? |
Date | 14:54:35, November 27, 2012 CET | From | Radical Left | To | Debating the Progressive Tax System |
Message | The Radical Left does not think that it would be a problem when we have a budget surplus of 138,295,384,538 LIK. |
Date | 01:50:49, November 28, 2012 CET | From | AM Radical Libertarian Party | To | Debating the Progressive Tax System |
Message | The AM RLP believes that this is still too much taxation, and will introduce a bill to remedy the problem and address the surplus. |
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Voting
Vote | Seats | ||
yes | Total Seats: 0 | ||
no | Total Seats: 235 | ||
abstain | Total Seats: 0 |
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