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Bill: Income tax proposal of February 5362
Details
Submitted by[?]: Likatonian People’s 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 5363
Description[?]:
| The Likatonian People’s Party propose to adjust the government's income tax policy to better address the economic situation of the 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 |
| > 1,250 LIK | 5% | 10,761,000,000 LIK |
| > 5,000 LIK | 10% | 25,790,000,000 LIK |
| > 10,000 LIK | 15% | 25,618,000,000 LIK |
| > 15,000 LIK | 20% | 18,602,000,000 LIK |
| > 20,000 LIK | 25% | 9,018,000,000 LIK |
| > 23,000 LIK | 30% | 14,005,000,000 LIK |
| > 28,000 LIK | 35% | 10,446,000,000 LIK |
| > 33,000 LIK | 40% | 6,851,000,000 LIK |
| > 38,000 LIK | 45% | 2,864,000,000 LIK | Total | 123,955,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 20:55:31, September 12, 2023 CET | From | Democratic Unity Party | To | Debating the Income tax proposal of February 5362 |
| Message | Mr. Speaker The Democratic Unity Party disagrees with this budget plan, however due to the sensitive position we see ourselves in, we will vote in favour of these proposals in order to end the current deficit. - Amy Shirley |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 397 | ||
| no | Total Seats: 353 | ||
| abstain | Total Seats: 0 |
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