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Bill: PNC-CCUP Income Tax Proposal "Part 1"
Details
Submitted by[?]: Conservative Constitutional Unity 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: January 5159
Description[?]:
| In order to spur economic growth and a more comfortable life for Likatonians the PNC & CCUP have come together to create a new income tax bracket that will relieve tax burden on Likatonia's middle class. CCUP believes the new bracket will reduce the amount of Likatonians living below poverty ($5,000 LIK and below) and expand the middle class. Note** Following this bill will be a decrease in the defense budget. |
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 |
| > 2,500 LIK | 4% | 5,739,000,000 LIK |
| > 5,000 LIK | 8% | 20,632,000,000 LIK |
| > 10,000 LIK | 12% | 20,494,000,000 LIK |
| > 15,000 LIK | 16% | 14,881,000,000 LIK |
| > 20,000 LIK | 20% | 11,342,000,000 LIK |
| > 25,000 LIK | 24% | 9,712,000,000 LIK |
| > 30,000 LIK | 28% | 6,513,000,000 LIK |
| > 35,000 LIK | 32% | 4,058,000,000 LIK |
| > 40,000 LIK | 36% | 1,072,000,000 LIK | Total | 94,443,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 257 | ||||
| no |
Total Seats: 100 | ||||
| abstain |
Total Seats: 143 |
| Random fact: Make sure your nation casts its nominations in Particracy's very own Security Council elections! For more information, see http://forum.particracy.net/viewtopic.php?f=26&t=8453 |
| Random quote: "I think you should defend to the death their right to march, and then go down and meet them with baseball bats." - Woody Allen, on the Ku Klux Klan |