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Bill: Income tax proposal of May 2178
Details
Submitted by[?]: Progressive 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: January 2179
Description[?]:
| The Progressive Party propose to adjust the government's income tax policy to better address the economic situation of the 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 |
| > 1,000 LIK | 10% | 23,020,000,000 LIK |
| > 5,000 LIK | 25% | 64,652,000,000 LIK |
| > 10,000 LIK | 30% | 51,379,000,000 LIK |
| > 15,000 LIK | 35% | 32,653,000,000 LIK |
| > 20,000 LIK | 38% | 51,916,000,000 LIK | Total | 223,620,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 22:46:31, January 30, 2006 CET | From | Progressive Party | To | Debating the Income tax proposal of May 2178 |
| Message | We have decided to end the flat tax rate to all Likatonians making more than 5,000 LIK in order to cut the taxes of those making between 5,000-10,000 LIK from 30% to 25%. If this is passed along with our recent spending proposal, we will run a surplus of 372M LIK in the fiscal year. |
| Date | 17:44:44, January 31, 2006 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of May 2178 |
| Message | Please! Someone stop the insanity! Why did Likatonians support this? The median tax burden has increased, and the 'Progressive' Party has increased the tax burden on the poor! This is barbaric... |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 290 | |||||
| no | Total Seats: 57 | |||||
| abstain | Total Seats: 135 |
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