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Bill: Income tax proposal of September 4719
Details
Submitted by[?]: Likatonia First
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 4720
Description[?]:
The Labour Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Likatonia. We have a large surplus so we can afford to give people more of a tax break. |
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 | 8% | 4,596,000,000 LIK |
> 2,000 LIK | 12% | 20,684,000,000 LIK |
> 5,000 LIK | 20% | 51,637,000,000 LIK |
> 10,000 LIK | 30% | 79,241,000,000 LIK |
> 20,000 LIK | 47% | 64,130,000,000 LIK | Total | 220,288,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |||||
yes | Total Seats: 65 | |||||
no | Total Seats: 0 | |||||
abstain |
Total Seats: 35 |
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