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Bill: Income tax proposal of January 4281
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: February 4282
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 | 7% | 4,023,000,000 LIK |
| > 2,000 LIK | 14% | 16,092,000,000 LIK |
| > 4,000 LIK | 20% | 44,922,000,000 LIK |
| > 8,000 LIK | 25% | 42,606,000,000 LIK |
| > 12,000 LIK | 27% | 31,170,000,000 LIK |
| > 16,000 LIK | 31% | 21,534,000,000 LIK |
| > 20,000 LIK | 35% | 46,740,000,000 LIK |
| > 40,000 LIK | 37% | 1,106,000,000 LIK | Total | 208,193,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 23:46:55, October 02, 2017 CET | From | United Capitalist Front of Likatonia | To | Debating the Income tax proposal of January 4281 |
| Message | This will greatly hurt our citizens quality of life. Simply adding more brackets does not help. |
| Date | 02:58:15, October 03, 2017 CET | From | Nationalist Party of Likatonia | To | Debating the Income tax proposal of January 4281 |
| Message | This, also, lowers the lowest tax bracket' s rate. |
| Date | 03:10:51, October 03, 2017 CET | From | United Capitalist Front of Likatonia | To | Debating the Income tax proposal of January 4281 |
| Message | All this is doing is sightly lowering taxes the Tax Relief Program of May 4281 brings real tax relief. |
| Date | 13:19:28, October 03, 2017 CET | From | Nationalist Party of Likatonia | To | Debating the Income tax proposal of January 4281 |
| Message | You're proposal is laughable, congressman. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 192 | |||||
| no |
Total Seats: 129 | |||||
| abstain |
Total Seats: 104 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Any law which violates the inalienable rights of man is essentially unjust and tyrannical; it is not a law at all." - Maximilien Robespierre |