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Bill: Income tax proposal of May 4451
Details
Submitted by[?]: Democratic-Social Party
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: January 4452
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 |
> 1,000 LIK | 24% | 34,526,000,000 LIK |
> 3,500 LIK | 28% | 33,836,000,000 LIK |
> 5,600 LIK | 31% | 24,883,000,000 LIK |
> 7,000 LIK | 34% | 34,237,000,000 LIK |
> 9,000 LIK | 39% | 43,424,000,000 LIK |
> 11,700 LIK | 42% | 43,256,000,000 LIK |
> 15,000 LIK | 42% | 33,061,000,000 LIK |
> 19,000 LIK | 45% | 32,168,000,000 LIK |
> 25,000 LIK | 50% | 39,864,000,000 LIK | Total | 319,255,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
Date | 04:27:54, September 08, 2018 CET | From | Democratic-Social Party | To | Debating the Income tax proposal of May 4451 |
Message | Progressive taxes according to income is a reasonable proposal to cover State spending. These new brackets will help us cover our brand new budget in order to help our nation develop in a much greater way. We understand these new tax brackets are large, but we believe that they will help in the long run. Rep. Heather Underwood (PD-38) Democratic Party House Leader |
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Voting
Vote | Seats | |||
yes | Total Seats: 39 | |||
no | Total Seats: 143 | |||
abstain | Total Seats: 83 |
Random fact: Did you know you can change the official name of your nation? All you need to do is draw up a new name that is in accordance with the Nation Renaming Guide, pass a bill proposing the name change with a two-thirds majority and then post a request to Moderation on the "Renaming Requests" thread. You can change city and region names in this way too. |
Random quote: "I am a conservative to preserve all that is good in our constitution, a radical to remove all that is bad. I seek to preserve property and to respect order, and I equally decry the appeal to the passions of the many or the prejudices of the few." - Benjamin Disraeli |