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Bill: Income tax proposal of May 3402
Details
Submitted by[?]: Socialist Movement
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: January 3403
Description[?]:
| The Socialist Movement propose to adjust the government's income tax policy to better address the economic 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 |
| > 2,500 LIK | 5% | 7,190,000,000 LIK |
| > 5,000 LIK | 8% | 20,679,000,000 LIK |
| > 10,000 LIK | 11% | 18,830,000,000 LIK |
| > 15,000 LIK | 15% | 15,894,000,000 LIK |
| > 21,000 LIK | 18% | 9,635,000,000 LIK |
| > 26,000 LIK | 21% | 8,847,000,000 LIK |
| > 32,000 LIK | 26% | 5,672,000,000 LIK |
| > 38,000 LIK | 30% | 1,020,000,000 LIK |
| > 40,000 LIK | 60% | 1,794,000,000 LIK | Total | 89,561,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 23:30:13, November 27, 2012 CET | From | Common Liberty | To | Debating the Income tax proposal of May 3402 |
| Message | Why punish the brilliant entrepreneurs? It will result in lesser enthusiasm to start a new company or do an extra performance on your job. Oppose this bill! |
| Date | 01:46:23, November 28, 2012 CET | From | AM Radical Libertarian Party | To | Debating the Income tax proposal of May 3402 |
| Message | We are already running a surplus of 138,364,788,567 LIK; why do we need to raise taxes at all. We should be reducing them and returning the money to those who earn it. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 235 | ||||
| abstain | Total Seats: 0 |
| Random fact: Zardugal is a nation based on the old Byzantine Empire, with a modern twist and the Esperanto language. Zardugal is located on the continent of Majatra. |
| Random quote: "Victory attained by violence is tantamount to a defeat, for it is momentary." - Mahatma Gandhi |