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Bill: Income Tax Proposal (4761)
Details
Submitted by[?]: Liberal Democrats
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: March 4762
Description[?]:
| The Liberal 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 |
| > 1,000 LIK | 8% | 6,895,000,000 LIK |
| > 2,500 LIK | 17% | 48,436,000,000 LIK |
| > 7,500 LIK | 25% | 71,974,000,000 LIK |
| > 15,000 LIK | 33% | 46,107,000,000 LIK |
| > 24,000 LIK | 42% | 32,612,000,000 LIK |
| > 36,000 LIK | 50% | 6,154,000,000 LIK | Total | 212,178,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 20:26:58, May 25, 2020 CET | From | Liberal Democrats | To | Debating the Income Tax Proposal (4761) |
| Message | A proposal to stimulate investment and boost GDP growth. We call on coalition members to express their thoughts. OOC: We made a mistake in supporting the LNP tax cuts and will rectify them in the next legislative term. |
| Date | 20:27:55, May 25, 2020 CET | From | Likatonia First | To | Debating the Income Tax Proposal (4761) |
| Message | Well we will vote for this but by the time this gets through the current coalition wont exist |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 75 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 25 |
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