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Bill: Tax Reform Act of 4349.
Details
Submitted by[?]: Republican Centrist Alliance
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: April 4350
Description[?]:
| The Republican Centrist Alliance 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 | 10% | 2,875,000,000 LIK |
| > 1,500 LIK | 17% | 14,660,000,000 LIK |
| > 3,000 LIK | 23% | 26,445,000,000 LIK |
| > 5,000 LIK | 26% | 67,168,000,000 LIK |
| > 10,000 LIK | 28% | 27,208,000,000 LIK |
| > 12,500 LIK | 31% | 22,916,000,000 LIK |
| > 15,000 LIK | 35% | 32,631,000,000 LIK |
| > 20,000 LIK | 38% | 21,614,000,000 LIK |
| > 25,000 LIK | 43% | 17,464,000,000 LIK |
| > 30,000 LIK | 47% | 14,712,000,000 LIK |
| > 37,500 LIK | 48% | 2,314,000,000 LIK |
| > 40,000 LIK | 50% | 1,494,000,000 LIK | Total | 251,501,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 278 | |||||
| no | Total Seats: 55 | |||||
| abstain |
Total Seats: 70 |
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