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Bill: Income tax proposal of June 2210
Details
Submitted by[?]: AM RIP Tetragrammaton
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: May 2211
Description[?]:
| The AM Reform-Independent Party propose to adjust the government's income tax policy to better address the economic situation of the 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 |
| > 8,000 LIK | 3% | 5,105,000,000 LIK |
| > 12,000 LIK | 20% | 18,319,000,000 LIK |
| > 15,000 LIK | 23% | 21,400,000,000 LIK |
| > 20,000 LIK | 26% | 14,754,000,000 LIK |
| > 25,000 LIK | 28% | 11,340,000,000 LIK |
| > 30,000 LIK | 30% | 11,716,000,000 LIK | Total | 82,634,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 05:25:53, April 05, 2006 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of June 2210 |
| Message | Axis Mundi Revolution! isn't convinced that thie kind of tiered system is actually an improvement... |
| Date | 11:13:18, April 05, 2006 CET | From | Likaton Fascist Front | To | Debating the Income tax proposal of June 2210 |
| Message | We would be happy to see a lower tax rate on the lowest incomes, however overall feeling is that this quite good. |
| Date | 21:43:07, April 05, 2006 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of June 2210 |
| Message | Axis Mundi Revolution! took a long time constructing the current taxation model. We admit, this may have biased our appreciation of it's more subtle nuances. However, we realise that ANY taxation model is going to be fatally flawed at some level. We have great confidence in our allies in the Axis Mundi. If the Axis Mundi Reform-Independent Party considers this model worth supporting, the Axis Mundi Revolution! is willing to support. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 329 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 172 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| 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 |