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Bill: Income tax proposal of March 4943
Details
Submitted by[?]: Democratic Centrist 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: November 4943
Description[?]:
| The Democratic Centrist Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Likatonia (Likatonia). We want to address the deficit situation and believe this is a step forward without harming the incomes of workers throughout Likatonia. This proposal will increase income tax revenue around 7 Billion. Elizabeth Lerner Minister of Finance Democratic Centrist Party |
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 |
| > 3,000 LIK | 15% | 17,253,000,000 LIK |
| > 5,000 LIK | 18% | 15,527,000,000 LIK |
| > 6,500 LIK | 21% | 17,007,000,000 LIK |
| > 8,000 LIK | 24% | 31,859,000,000 LIK |
| > 11,000 LIK | 27% | 27,767,000,000 LIK |
| > 14,000 LIK | 30% | 24,196,000,000 LIK |
| > 17,500 LIK | 33% | 24,903,000,000 LIK |
| > 23,000 LIK | 36% | 22,071,000,000 LIK |
| > 30,000 LIK | 40% | 14,458,000,000 LIK |
| > 40,000 LIK | 45% | 1,345,000,000 LIK | Total | 196,386,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 93 | ||||
| no | Total Seats: 14 | ||||
| abstain | Total Seats: 43 |
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