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Bill: Income tax proposal of October 2238
Details
Submitted by[?]: AM Radical Libertarian 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: June 2240
Description[?]:
| The AM Radical Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the The Axis Mundi Republic of Likatonia. We propose to reduce the rate by 2% on the second lowest bracket, as these are hard working people who do not need to be paying as much to support a government surplus. With the passage of this bill, the surplus will be reduced and the economy improved, as these people will be spending the tax cut on consumer goods, increasing sales and thereby increasing employment. |
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 |
| > 12,000 LIK | 10% | 9,167,000,000 LIK |
| > 15,000 LIK | 21% | 19,561,000,000 LIK |
| > 20,000 LIK | 26% | 14,778,000,000 LIK |
| > 25,000 LIK | 28% | 11,370,000,000 LIK |
| > 30,000 LIK | 30% | 11,733,000,000 LIK | Total | 66,609,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 21:07:45, June 06, 2006 CET | From |  Likaton Coalition of the Willing | To | Debating the Income tax proposal of October 2238 |
| Message | Whilst Manion would happily support any measures that improve the lot of the hard-working citiznes of our beautiful land, we would like to see this bill go further, and reduce the tax burden by a greater degree, compensated by the implementation of corporate tax, which we feel is needed in these trying times. |
| Date | 22:20:40, June 06, 2006 CET | From | Commonwealth Workers Army | To | Debating the Income tax proposal of October 2238 |
| Message | We have no objections to this 'fine-tune' of the tax code. Likatonia is something of a 'tax paradise' in comparison to many nations, anyway. The only thing which would evoke REAL enthusiasm in the Axis Mundi Revolution! camp, would be raising the lowest tax bracket, to remove some of the burden from the lowest-paid citizens. |
| Date | 12:32:06, June 07, 2006 CET | From | Likaton Fascist Front | To | Debating the Income tax proposal of October 2238 |
| Message | Some of our bribes come from wealthy organisations, so higher taxes for them means less money for our retirements. We would however support a tax break for the lower incomes as this will bring in more money to our brothels and undgerground gambling clubs. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 384 | ||||||
| no |
Total Seats: 117 | ||||||
| abstain | Total Seats: 0 |
| Random fact: All role-play must respect the established cultural background in Culturally Protected nations. |
| Random quote: We are in politics not because we hate our fellow man, but because we love him. ~ Anton Weinreich, General Secretary of the Dorvish Communist Part |