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Bill: Income tax proposal of August 5333
Details
Submitted by[?]: Capitalist National Front
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: April 5334
Description[?]:
| The Capitalist National Front propose to adjust the government's income tax policy to better address the economic situation of the Socialist 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 |
| > 500 LIK | 8% | 9,202,000,000 LIK |
| > 2,500 LIK | 15% | 21,567,000,000 LIK |
| > 5,000 LIK | 18% | 46,519,000,000 LIK |
| > 10,000 LIK | 22% | 58,160,000,000 LIK |
| > 20,000 LIK | 25% | 24,368,000,000 LIK |
| > 30,000 LIK | 28% | 6,538,000,000 LIK |
| > 35,000 LIK | 30% | 4,712,000,000 LIK | Total | 171,066,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 17:01:12, July 18, 2023 CET | From | Republican Party of Likatonia | To | Debating the Income tax proposal of August 5333 |
| Message | Mr. Speaker, We in the Republican Party are inclined to reject this revision of the tax code for fear that its contents might have a negative effect upon the middle class. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 148 | |||
| no | Total Seats: 503 | |||
| abstain | Total Seats: 99 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "I am interested in politics so that one day I will not have to be interested in politics." - Ayn Rand |