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Bill: Income tax proposal of November 4423
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: July 4424
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 |
> 2,000 LIK | 27% | 31,068,000,000 LIK |
> 4,000 LIK | 29% | 33,370,000,000 LIK |
> 6,000 LIK | 31% | 34,033,000,000 LIK |
> 8,000 LIK | 33% | 30,098,000,000 LIK |
> 10,000 LIK | 35% | 27,792,000,000 LIK |
> 12,000 LIK | 37% | 24,082,000,000 LIK |
> 14,000 LIK | 39% | 27,878,000,000 LIK |
> 17,000 LIK | 46% | 48,507,000,000 LIK |
> 25,000 LIK | 48% | 19,498,000,000 LIK |
> 30,000 LIK | 50% | 19,563,000,000 LIK | Total | 295,889,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 02:19:41, July 15, 2018 CET | From | Nationalist Party of Likatonia | To | Debating the Income tax proposal of November 4423 |
Message | Why not just better educate the poor, stimulate the economy building schools with Likatonian workers and by the materials from Likatonian companies. Create jobs and educate our people: that is the key to success in Likatonia, not tax cuts. Theresa Kolt, WSP House Speaker |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 169 | ||||
no | Total Seats: 73 | ||||
abstain | Total Seats: 23 |
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