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Bill: Income Tax Proposal (4762)
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: September 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% | 6,900,000,000 LIK |
| > 2,500 LIK | 17% | 68,364,000,000 LIK |
| > 10,000 LIK | 25% | 42,783,000,000 LIK |
| > 15,000 LIK | 33% | 49,537,000,000 LIK |
| > 25,000 LIK | 42% | 33,477,000,000 LIK | Total | 201,061,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 17:41:27, May 26, 2020 CET | From | Liberal Democrats | To | Debating the Income Tax Proposal (4762) |
| Message | We call on all parties to express their thoughts. OOC: I promise this financial imbalance will be rectified soon. |
| Date | 17:47:24, May 26, 2020 CET | From | Socialists People’s Party | To | Debating the Income Tax Proposal (4762) |
| Message | Agree. |
| Date | 17:54:24, May 26, 2020 CET | From | Likatonia First | To | Debating the Income Tax Proposal (4762) |
| Message | We disagree with this |
| Date | 19:16:39, May 26, 2020 CET | From | Conservative Republican Party | To | Debating the Income Tax Proposal (4762) |
| Message | Well support |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 58 | |||||
| no | Total Seats: 19 | |||||
| abstain |
Total Seats: 23 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "Cruel leaders are replaced only to have new leaders turn cruel." - Ernesto "Che" Guevara |