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Bill: Income Tax Proposal (4762-b)
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: February 4763
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% | 6,906,000,000 LIK |
| > 2,500 LIK | 13% | 18,704,000,000 LIK |
| > 5,000 LIK | 17% | 43,963,000,000 LIK |
| > 10,000 LIK | 25% | 42,815,000,000 LIK |
| > 15,000 LIK | 29% | 27,055,000,000 LIK |
| > 20,000 LIK | 33% | 18,777,000,000 LIK |
| > 25,000 LIK | 38% | 15,436,000,000 LIK |
| > 30,000 LIK | 42% | 9,816,000,000 LIK |
| > 35,000 LIK | 46% | 5,859,000,000 LIK |
| > 40,000 LIK | 50% | 1,494,000,000 LIK | Total | 190,825,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 18:16:25, May 27, 2020 CET | From | Libertarian Nationalist Party | To | Debating the Income Tax Proposal (4762-b) |
| Message | I would support |
| Date | 18:24:35, May 27, 2020 CET | From | Likatonia First | To | Debating the Income Tax Proposal (4762-b) |
| Message | WE would agree |
| Date | 18:51:32, May 27, 2020 CET | From | Socialists People’s Party | To | Debating the Income Tax Proposal (4762-b) |
| Message | Support. |
| Date | 18:55:58, May 27, 2020 CET | From | Democratic Party of Likatonia | To | Debating the Income Tax Proposal (4762-b) |
| Message | Democrats think this is perfect taxation |
| Date | 18:56:30, May 27, 2020 CET | From | Conservative Republican Party | To | Debating the Income Tax Proposal (4762-b) |
| Message | Sure, but we want a higher defense budget |
| Date | 19:08:00, May 27, 2020 CET | From | Liberal Democrats | To | Debating the Income Tax Proposal (4762-b) |
| Message | We will strive to raise the luxury sales tax back up to 48% accordingly. Our priority is GDP growth right now. OOC: I was always told back when I took macroeconomics at uni that if you've absolutely got to tax something, then tax luxury. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 70 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 30 |
| Random fact: In cases where a party has no seat, the default presumption should be that the party is able to contribute to debates in the legislature due to one of its members winning a seat at a by-election. However, players may collectively improvise arrangements of their own to provide a satisfying explanation for how parties with no seats in the legislature can speak and vote there. |
| Random quote: On 7th February 4281 a group of renowned Metzist experts from all across Terra met in Haldor to form the International Committee for the Estimation of the End Date of Capitalism (ICEEDC). With the assistance of a powerful computer, they calculated that capitalism will terminate Terra-wide on 6th November 4320, and in Dorvik on April 17th 4310. We have no reason whatsoever to believe these very eminent and learned scholars are wrong. They have never been wrong about anything before. ~ Friedrich Pfeiffer, General Secretary of the Dorvish Communist Party |