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Bill: Progressive Income tax proposal of August 4154
Details
Submitted by[?]: People's Democratic 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 not pass any sooner than the deadline.
Voting deadline: April 4155
Description[?]:
| The People's Democratic 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
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 9
Current: 15
Proposed: 10
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 12
Proposed: 10
Article 3
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% | 5,755,000,000 LIK |
| > 2,000 LIK | 15% | 17,266,000,000 LIK |
| > 4,000 LIK | 20% | 44,985,000,000 LIK |
| > 8,000 LIK | 25% | 71,569,000,000 LIK |
| > 16,000 LIK | 30% | 61,861,000,000 LIK | Total | 201,436,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 10:17:21, January 22, 2017 CET | From | Commonwealth Workers Army | To | Debating the Progressive Income tax proposal of August 4154 |
| Message | The CWA is willing to support this., although we would like to see the minimum bracket addressed. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 488 | |||||
| no | Total Seats: 223 | |||||
| abstain | Total Seats: 39 |
| Random fact: It usually takes up to an hour for election results to generate. During this time, the "Next Election" date is put forward a month, which is confusing. Do not worry! In a short time, the election result will generate and the "Next Election" date will then correct itself. |
| Random quote: "Ask the experimenters why they experiment on animals, and the answer is: "Because the animals are like us." Ask the experimenters why it is morally okay to experiment on animals, and the answer is: "Because the animals are not like us." Animal experimentation rests on a logical contradiction." - Charles R. Magel |