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Bill: Income tax proposal of December 4278
Details
Submitted by[?]: Nationalist Party of Likatonia
Status[?]: defeated
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: August 4279
Description[?]:
| The Worker's Socialist 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
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 | 8% | 4,599,000,000 LIK |
| > 2,000 LIK | 14% | 16,097,000,000 LIK |
| > 4,000 LIK | 20% | 44,937,000,000 LIK |
| > 8,000 LIK | 25% | 42,622,000,000 LIK |
| > 12,000 LIK | 27% | 31,181,000,000 LIK |
| > 16,000 LIK | 31% | 21,544,000,000 LIK |
| > 20,000 LIK | 35% | 46,765,000,000 LIK |
| > 40,000 LIK | 40% | 1,195,000,000 LIK | Total | 208,940,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 145 | |||
| no | Total Seats: 129 | |||
| abstain | Total Seats: 151 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "I've noticed that everybody that is for abortion has already been born." - Ronald Reagan, quoted in New York Times, 22 September 1980 |