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Bill: Income tax proposal of November 4297
Details
Submitted by[?]: Democratic Libertarian Party
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: July 4298
Description[?]:
| The Democratic 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 | 12% | 6,887,000,000 LIK |
| > 2,000 LIK | 16% | 18,365,000,000 LIK |
| > 4,000 LIK | 20% | 44,860,000,000 LIK |
| > 8,000 LIK | 26% | 23,657,000,000 LIK |
| > 10,000 LIK | 30% | 58,350,000,000 LIK |
| > 16,000 LIK | 33% | 22,898,000,000 LIK |
| > 20,000 LIK | 35% | 47,716,000,000 LIK | Total | 222,733,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 22:14:59, November 04, 2017 CET | From | Democratic Libertarian Party | To | Debating the Income tax proposal of November 4297 |
| Message | Our budget proposal goes hand-in-hand with this tax adjustment. Oliver Bilson Chair of the Democratic Party Finance Committee |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 149 | |||
| no |
Total Seats: 182 | |||
| abstain | Total Seats: 94 |
| Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
| Random quote: "I'm not an environmentalist. I'm an earth warrior." - Darryl Cherney |