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Bill: Income tax proposal of February 5413
Details
Submitted by[?]: Liberty Union
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: October 5413
Description[?]:
| The Liberty Union 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 |
| > 1,000 LIK | 1% | 575,000,000 LIK |
| > 2,000 LIK | 5% | 8,632,000,000 LIK |
| > 5,000 LIK | 10% | 16,737,000,000 LIK |
| > 8,000 LIK | 15% | 19,927,000,000 LIK |
| > 11,000 LIK | 20% | 20,583,000,000 LIK |
| > 14,000 LIK | 25% | 17,873,000,000 LIK |
| > 17,000 LIK | 30% | 14,562,000,000 LIK |
| > 20,000 LIK | 35% | 12,668,000,000 LIK |
| > 23,000 LIK | 40% | 12,029,000,000 LIK |
| > 26,000 LIK | 45% | 10,869,000,000 LIK |
| > 29,000 LIK | 50% | 23,101,000,000 LIK | Total | 157,556,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 100 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: "Jezvraljogadsrlji" means "Social" in the Jelbic languages. |
| Random quote: "A dictatorship is a country where they have taken the politics out of politics." - Sam Himmell |