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Bill: Income tax cut and simplification act
Details
Submitted by[?]: Likatonian Independence 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 4202
Description[?]:
| The Likatonian Independence Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Likatonia. This reform will simplify our tax code as seen above whilst raising the tax-free amount from 1,000 LIK to 2,000 LIK so that everyone benefits from this tax allowance. |
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 |
| > 2,000 LIK | 10% | 83,227,000,000 LIK | Total | 83,227,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 278 | ||||
| no |
Total Seats: 219 | ||||
| abstain |
Total Seats: 0 |
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| Random quote: "The true destiny of America is religious, not political: it is spiritual, not physical." - Alvin R. Dyer |