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Bill: 4203 Social Budget - Income tax
Details
Submitted by[?]: Social 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: November 4203
Description[?]:
| The Social Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Likatonia. The approval of this bill is tied to the approval of the spending bill of this same Budget. http://classic.particracy.net/viewbill.php?billid=516430 |
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% | 5,752,000,000 LIK |
| > 2,000 LIK | 15% | 17,257,000,000 LIK |
| > 4,000 LIK | 20% | 44,961,000,000 LIK |
| > 8,000 LIK | 25% | 71,530,000,000 LIK |
| > 16,000 LIK | 30% | 61,841,000,000 LIK | Total | 201,341,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 15:22:27, April 29, 2017 CET | From | Conservative party of Likatonia | To | Debating the 4203 Social Budget - Income tax |
| Message | You must really love to steal peoples money. |
| Date | 19:36:24, April 29, 2017 CET | From | Social Liberal Party | To | Debating the 4203 Social Budget - Income tax |
| Message | Not really, but we love to have welfare and public services, and these cost money. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 256 | ||||
| no |
Total Seats: 241 | ||||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "Before all else, be armed." - Niccolo Machiavelli |