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Bill: Income tax proposal of June 4307
Details
Submitted by[?]: Democratic Libertarian 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: February 4308
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 |
> 100 LIK | 2% | 1,034,000,000 LIK |
> 1,000 LIK | 12% | 3,447,000,000 LIK |
> 1,500 LIK | 15% | 12,928,000,000 LIK |
> 3,000 LIK | 20% | 34,474,000,000 LIK |
> 6,000 LIK | 24% | 48,175,000,000 LIK |
> 10,000 LIK | 26% | 25,249,000,000 LIK |
> 12,500 LIK | 29% | 21,424,000,000 LIK |
> 15,000 LIK | 33% | 30,740,000,000 LIK |
> 20,000 LIK | 37% | 21,025,000,000 LIK |
> 25,000 LIK | 40% | 16,229,000,000 LIK |
> 30,000 LIK | 50% | 15,625,000,000 LIK |
> 37,500 LIK | 50% | 2,408,000,000 LIK |
> 40,000 LIK | 50% | 1,492,000,000 LIK | Total | 234,250,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 02:40:13, November 24, 2017 CET | From | Democratic Libertarian Party | To | Debating the Income tax proposal of June 4307 |
Message | We propose a progressive tax system to properly tax all classes according to their economical positions and possibilities. Most taxes for the lower classes weren't altered because we consider they already contribute enough. |
Date | 15:06:33, November 24, 2017 CET | From | Republican Centrist Alliance | To | Debating the Income tax proposal of June 4307 |
Message | We are in need of tax reform. Charles Merryweather Minority House Speaker Party Chairman of the Republican Centrist Alliance. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 161 | ||||
no | Total Seats: 22 | ||||
abstain | Total Seats: 112 |
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: "Mine is the first generation able to contemplate the possibility that we may live our entire lives without going to war or sending our children to war." - Tony Blair |