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Bill: Income tax proposal of June 3402
Details
Submitted by[?]: AM Radical Libertarian Party
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: August 3403
Description[?]:
The AM Radical Libertarian Party 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 |
> 10,000 LIK | 2% | 3,420,000,000 LIK |
> 15,000 LIK | 4% | 4,234,000,000 LIK |
> 21,000 LIK | 5% | 2,674,000,000 LIK |
> 26,000 LIK | 8% | 3,368,000,000 LIK |
> 32,000 LIK | 10% | 2,179,000,000 LIK |
> 38,000 LIK | 12% | 407,000,000 LIK |
> 40,000 LIK | 15% | 448,000,000 LIK | Total | 16,730,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 03:28:10, November 28, 2012 CET | From | AM Radical Libertarian Party | To | Debating the Income tax proposal of June 3402 |
Message | We have completely eliminated taxation on the poorest of the poor, those making under 10,000 LIK; and lowered the rates for all others while still retaining a comfortable surplus in the budget. This is in accordance with our policy that those who earn the income are best able to determine how it should be spent. |
Date | 07:21:39, November 28, 2012 CET | From | Radical Left | To | Debating the Income tax proposal of June 3402 |
Message | We of The Radical Left do not want such a dramatic cut in income tax, we would rather get our tax proposal through and make or our peoples' future better by investing in education, health, social services, environment, technology and so on. |
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Voting
Vote | Seats | ||||
yes | Total Seats: 235 | ||||
no |
Total Seats: 0 | ||||
abstain |
Total Seats: 0 |
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