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Bill: Income tax proposal of October 4329
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: June 4330
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 |
| > 100 LIK | 2% | 1,036,000,000 LIK |
| > 1,000 LIK | 12% | 3,453,000,000 LIK |
| > 1,500 LIK | 15% | 12,949,000,000 LIK |
| > 3,000 LIK | 20% | 34,532,000,000 LIK |
| > 6,000 LIK | 24% | 48,254,000,000 LIK |
| > 10,000 LIK | 26% | 25,292,000,000 LIK |
| > 12,500 LIK | 29% | 21,460,000,000 LIK |
| > 15,000 LIK | 33% | 30,793,000,000 LIK |
| > 20,000 LIK | 37% | 21,059,000,000 LIK |
| > 25,000 LIK | 40% | 16,249,000,000 LIK |
| > 30,000 LIK | 50% | 15,647,000,000 LIK |
| > 37,500 LIK | 55% | 2,653,000,000 LIK |
| > 40,000 LIK | 60% | 1,795,000,000 LIK | Total | 235,172,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 113 | |||
| no | Total Seats: 151 | |||
| abstain | Total Seats: 161 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Politics is the system of depriving the proletariat of their power." - Karl Marx |