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Bill: Income tax proposal of November 4459
Details
Submitted by[?]: Democratic-Social Party
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 4460
Description[?]:
| The Progressive 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 |
| > 800 LIK | 12% | 8,280,000,000 LIK |
| > 2,000 LIK | 17% | 22,484,000,000 LIK |
| > 4,300 LIK | 24% | 55,756,000,000 LIK |
| > 8,500 LIK | 30% | 46,950,000,000 LIK |
| > 12,300 LIK | 36% | 49,202,000,000 LIK |
| > 17,600 LIK | 42% | 30,950,000,000 LIK |
| > 23,000 LIK | 42% | 25,745,000,000 LIK |
| > 30,000 LIK | 49% | 19,163,000,000 LIK | Total | 258,530,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 175 | |||
| no | Total Seats: 90 | |||
| abstain | Total Seats: 0 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "I worked at a factory owned by Germans, at coal pits owned by Frenchmen, and at a chemical plant owned by Belgians. There I discovered something about capitalists. They are all alike, whatever the nationality. All they wanted from me was the most work for the least money that kept me alive. So I became a communist." - Nikita Khrushchev |