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Bill: Income tax proposal of December 4786: Save the Economy: 2
Details
Submitted by[?]: Socialists People’s Party
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 4787
Description[?]:
| The Socialists People’s Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Likatonia (Likatonia). Because of the failing economy of Liktonia and the world, a slight increase in taxation is needed although we plan to cut this massively in the future. The last government put us in this position but with the help of the SPP the new government can make it right. |
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 | 7% | 4,020,000,000 LIK |
| > 2,000 LIK | 14% | 8,041,000,000 LIK |
| > 3,000 LIK | 20% | 22,974,000,000 LIK |
| > 5,000 LIK | 14% | 36,128,000,000 LIK |
| > 10,000 LIK | 21% | 35,896,000,000 LIK |
| > 15,000 LIK | 27% | 25,142,000,000 LIK |
| > 20,000 LIK | 31% | 17,604,000,000 LIK |
| > 25,000 LIK | 36% | 14,591,000,000 LIK |
| > 30,000 LIK | 40% | 9,343,000,000 LIK |
| > 35,000 LIK | 44% | 5,603,000,000 LIK |
| > 40,000 LIK | 48% | 1,438,000,000 LIK | Total | 180,780,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 23:16:33, July 18, 2020 CET | From | Socialists People’s Party | To | Debating the Income tax proposal of December 4786: Save the Economy: 2 |
| Message | Remember the two economic bills are temporary and will be changed in the near future. Lisa Forby, Finance minister |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 71 | ||||
| no | Total Seats: 13 | ||||
| abstain | Total Seats: 16 |
| Random fact: Your user name is not your party name. Choose a concise and easy to remember user name. You can change your party name at any point in time later in the game. |
| Random quote: "Even when laws have been written down, they ought not always to remain unaltered." - Aristotle |