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Bill: Income tax proposal of October 4687
Details
Submitted by[?]: Communist Party of Likatonia
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: June 4688
Description[?]:
| The Socialist Workers 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 |
| > 700 LIK | 10% | 1,726,000,000 LIK |
| > 1,000 LIK | 15% | 6,043,000,000 LIK |
| > 1,700 LIK | 19% | 36,084,000,000 LIK |
| > 5,000 LIK | 23% | 17,207,000,000 LIK |
| > 6,300 LIK | 27% | 49,624,000,000 LIK |
| > 10,000 LIK | 30% | 70,251,000,000 LIK |
| > 18,000 LIK | 35% | 44,768,000,000 LIK |
| > 30,000 LIK | 40% | 14,444,000,000 LIK |
| > 40,000 LIK | 50% | 1,494,000,000 LIK | Total | 241,641,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 376 | ||
| no | Total Seats: 98 | ||
| abstain | Total Seats: 201 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "Nature provides a free lunch, but only if we control our appetites." - William Ruckelshaus |