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Bill: AM AMALAM Income tax proposal of April 2202
Details
Submitted by[?]: Commonwealth Workers Army
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: December 2202
Description[?]:
| The AM AMALAM propose to adjust the government's income tax policy to better address the economic situation of the Republic of Likatonia. Continuing the trend previously negotiated by the AM AMALAM, this bill seeks to further reduce the tax burden on Likatonian citizens. In this proposal, we have NOT moved the cut-off point (which was one of the TWO options we were considering). We decided, instead, that MORE Likatonians would gain benefit from an OVERALL tax cut. Thus - we recommend cutting the current tax rate from 35% to 30%. |
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 |
| > 12,500 LIK | 30% | 91,077,000,000 LIK | Total | 91,077,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 249 | ||||
| no | Total Seats: 61 | ||||
| abstain | Total Seats: 138 |
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