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Bill: Income Tax Proposal (4764)
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: August 4764
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 | 5% | 5,755,000,000 LIK |
| > 3,000 LIK | 11% | 12,661,000,000 LIK |
| > 5,000 LIK | 16% | 41,377,000,000 LIK |
| > 10,000 LIK | 24% | 41,103,000,000 LIK |
| > 15,000 LIK | 28% | 26,123,000,000 LIK |
| > 20,000 LIK | 32% | 18,208,000,000 LIK |
| > 25,000 LIK | 37% | 15,030,000,000 LIK |
| > 30,000 LIK | 41% | 9,583,000,000 LIK |
| > 35,000 LIK | 45% | 5,732,000,000 LIK |
| > 40,000 LIK | 49% | 1,464,000,000 LIK | Total | 177,036,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 18:45:23, May 30, 2020 CET | From | The Moderates | To | Debating the Income Tax Proposal (4764) |
| Message | \Why are we spending more and taxing less |
| Date | 18:55:30, May 30, 2020 CET | From | Liberal Democrats | To | Debating the Income Tax Proposal (4764) |
| Message | We're not. CRP raised taxes on goods and corporations. It balances out. |
| Date | 18:57:14, May 30, 2020 CET | From | The Moderates | To | Debating the Income Tax Proposal (4764) |
| Message | Ok |
| Date | 20:58:10, May 30, 2020 CET | From | Democratic Party of Likatonia | To | Debating the Income Tax Proposal (4764) |
| Message | We preffer current taxation |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 56 | ||||||
| no | Total Seats: 25 | ||||||
| abstain | Total Seats: 19 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "It is said, 'Pontesi is Jelbic in nature'. But I tell you, they are really a lost tribe of Selucians, forced to become barbarians by their savage Jelbic conquerors." - Alamar Xarfaxis, former Pontesian politician |