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Bill: Flat Rate Income Tax 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: May 5143
Description[?]:
| Following this bill will be increases in Sales and Corporate Tax Rates. This new tax system will allow the bottom 30% of the Likatonian economy to work tax free and afford basic necessities. This will cut housing and rent costs and also decrease social welfare spending. |
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 |
| > 10,000 LIK | 25% | 99,978,000,000 LIK | Total | 99,978,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 173 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 327 |
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