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Bill: Income Tax Proposal (Connected to Budget Proposal)
Details
Submitted by[?]: Conservative Constitutional Unity Party
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: November 5141
Description[?]:
| Revised income tax proposal will help fix deficit caused by latest increases to federal budgets. |
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 | 25% | 122,180,000,000 LIK |
| > 10,000 LIK | 30% | 79,359,000,000 LIK |
| > 20,000 LIK | 35% | 34,121,000,000 LIK |
| > 30,000 LIK | 40% | 14,443,000,000 LIK |
| > 40,000 LIK | 45% | 1,347,000,000 LIK | Total | 251,450,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 229 | |||
| no | Total Seats: 271 | |||
| abstain | Total Seats: 0 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "The government was set to protect man from criminals, and the Constitution was written to protect man from the government." - Ayn Rand |