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Bill: SD1.GOV: New method of taxation
Details
Submitted by[?]: Democratic 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: October 4728
Description[?]:
| The Social Democrats 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 |
| > 400 LIK | 5% | 574,000,000 LIK |
| > 600 LIK | 6% | 1,033,000,000 LIK |
| > 900 LIK | 7% | 2,009,000,000 LIK |
| > 1,400 LIK | 9% | 3,616,000,000 LIK |
| > 2,100 LIK | 11% | 6,944,000,000 LIK |
| > 3,200 LIK | 13% | 11,937,000,000 LIK |
| > 4,800 LIK | 16% | 28,540,000,000 LIK |
| > 8,000 LIK | 19% | 32,335,000,000 LIK |
| > 12,000 LIK | 22% | 33,952,000,000 LIK |
| > 18,000 LIK | 26% | 27,440,000,000 LIK |
| > 27,000 LIK | 30% | 17,814,000,000 LIK |
| > 41,000 LIK | 35% | 636,000,000 LIK | Total | 166,830,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 20:13:30, March 19, 2020 CET | From | Likatonia First | To | Debating the SD1.GOV: New method of taxation |
| Message | This party approves |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 61 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 39 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "Because we don't think about future generations, they will never forget us." - Henrik Tikkanen |