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Bill: Labour's opposition budget
Details
Submitted by[?]: The Labour Party of Likatonia
Status[?]: defeated
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: March 5088
Description[?]:
| The The Labour Party of Likatonia propose to adjust the government's income tax policy to better address the economic situation of the Republic of Likatonia (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 |
| > 3,000 LIK | 10% | 11,510,000,000 LIK |
| > 5,000 LIK | 12% | 10,359,000,000 LIK |
| > 6,500 LIK | 18% | 14,588,000,000 LIK |
| > 8,000 LIK | 25% | 33,212,000,000 LIK |
| > 11,000 LIK | 30% | 30,875,000,000 LIK |
| > 14,000 LIK | 35% | 28,250,000,000 LIK |
| > 17,500 LIK | 42% | 16,514,000,000 LIK |
| > 20,000 LIK | 45% | 16,287,000,000 LIK |
| > 23,000 LIK | 50% | 30,665,000,000 LIK |
| > 30,000 LIK | 55% | 19,860,000,000 LIK |
| > 40,000 LIK | 60% | 1,793,000,000 LIK | Total | 213,913,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 15:02:07, March 12, 2022 CET | From | Likatonian Freedom Party | To | Debating the Labour's opposition budget |
| Message | You’d increase the deficit. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 157 | |||
| no | Total Seats: 193 | |||
| abstain | Total Seats: 0 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Racism is man's gravest threat to man - the maximum of hatred for a minimum of reason." - Abraham Joshua Heschel |