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Bill: Income tax proposal of October 4398
Details
Submitted by[?]: Nationalist Party of Likatonia
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: June 4399
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 | 10% | 2,874,000,000 LIK |
| > 1,500 LIK | 17% | 14,655,000,000 LIK |
| > 3,000 LIK | 23% | 26,437,000,000 LIK |
| > 5,000 LIK | 26% | 67,144,000,000 LIK |
| > 10,000 LIK | 28% | 27,199,000,000 LIK |
| > 12,500 LIK | 31% | 22,909,000,000 LIK |
| > 15,000 LIK | 35% | 32,617,000,000 LIK |
| > 20,000 LIK | 39% | 22,172,000,000 LIK |
| > 25,000 LIK | 45% | 18,263,000,000 LIK |
| > 30,000 LIK | 48% | 15,017,000,000 LIK |
| > 37,500 LIK | 49% | 2,363,000,000 LIK |
| > 40,000 LIK | 51% | 1,525,000,000 LIK | Total | 253,175,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 20:46:13, May 25, 2018 CET | From | Nationalist Party of Likatonia | To | Debating the Income tax proposal of October 4398 |
| Message | This is a 1% increase, in one tax bracket, aimed at resolving the deficit. Secretary of Finance |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 164 | |||
| no | Total Seats: 42 | |||
| abstain | Total Seats: 59 |
| Random fact: Whilst the use of non-English languages can be appropriate for nation names, party names, constitutional titles and other variables, English is the official language of communication in the game. All descriptive texts and public communications should be in English or at least appear alongside a full English translation. |
| Random quote: "There are people in the world so hungry that God cannot appear to them except in the form of bread." - Mahatma Gandhi |