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Bill: Income tax proposal of November 2170
Details
Submitted by[?]: Conservative Liberal 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: October 2171
Description[?]:
| The Conservative Party propose to use the 9billion LIK surplus that we have in our budget to finance a reduction on income tax by 2 pence in the LIK. |
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 |
| > 4,500 LIK | 33% | 227,175,000,000 LIK | Total | 227,175,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 00:13:57, January 14, 2006 CET | From | Conservative Liberal Party | To | Debating the Income tax proposal of November 2170 |
| Message | Comments? |
| Date | 00:21:36, January 14, 2006 CET | From | The Strength Party | To | Debating the Income tax proposal of November 2170 |
| Message | I support |
| Date | 00:25:38, January 14, 2006 CET | From | Conservative Liberal Party | To | Debating the Income tax proposal of November 2170 |
| Message | The CP believes that the budget surplus is best employed with a moderate tax cut. However if parties are against, we would like a national debate over the surplus. Under the AAS's and other parties astute financial control, we have built up a surplus that must be nearing 100billion LIK's (based upon a minimum of 5billion over the last 20 years, if someone could provide an accurate surplus, cheers), thus, the Conservative Party feels that the yearly surplus should be used in a tax cut, leaving the nest egg of 100billion for future emergencies. |
| Date | 04:17:14, January 14, 2006 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of November 2170 |
| Message | The AAS is more than willing to support. This is, in effect, a continuation of AAS policy - as it fits in perfectly with our pattern of tax cuts. The AAS quickly estimates a progression of about 2 billion LIK per annum, for about the last 30 years, building up to closer to 5 billion LIK over the last few years. Although we do not have the calculations to hand, the Conservative Party estimates do not seem unreasonable... although it might be closer to 60-70 billion LIK. |
| Date | 07:26:19, January 14, 2006 CET | From | JLP Liberation Militia | To | Debating the Income tax proposal of November 2170 |
| Message | The sane faction of the JLP supports, much to the dismay of John and Vladimir. |
| Date | 10:29:54, January 14, 2006 CET | From | Right Wing Liberals Party | To | Debating the Income tax proposal of November 2170 |
| Message | I support a 1.5b pence reduction and the rest should go into investment. |
| Date | 13:27:04, January 14, 2006 CET | From | Conservative Liberal Party | To | Debating the Income tax proposal of November 2170 |
| Message | If we have a 2billion tax cut, then surely most of that would be invested in the nation via increased savings/spending etc |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 267 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 233 |
| 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: "Even when laws have been written down, they ought not always to remain unaltered." - Aristotle |