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Bill: Income tax proposal of March 4291
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: November 4291
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% | 4,602,000,000 LIK |
| > 2,000 LIK | 14% | 16,107,000,000 LIK |
| > 4,000 LIK | 20% | 44,964,000,000 LIK |
| > 8,000 LIK | 25% | 42,644,000,000 LIK |
| > 12,000 LIK | 27% | 31,199,000,000 LIK |
| > 16,000 LIK | 31% | 21,551,000,000 LIK |
| > 20,000 LIK | 35% | 34,134,000,000 LIK |
| > 30,000 LIK | 37% | 13,373,000,000 LIK |
| > 40,000 LIK | 38% | 1,138,000,000 LIK | Total | 209,712,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 18:51:59, October 22, 2017 CET | From | Social Liberal Party | To | Debating the Income tax proposal of March 4291 |
| Message | Starting an exodus of the rich, just for an increase of 0.39% in the revenue, when we already have a surplus of more than one billion LIK? |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 178 | ||||||
| no |
Total Seats: 247 | ||||||
| abstain | Total Seats: 0 |
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