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Bill: Income tax proposal of January 5428
Details
Submitted by[?]: Democratic Union for Likatonia
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: September 5428
Description[?]:
| The Reform & Labour Alliance propose to adjust the government's income tax policy to better address the economic situation of the Likatonia (Likatonia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 28
Current: 17
Proposed: 18
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 18
Proposed: 8
Article 4
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 | 15% | 133,502,000,000 LIK | Total | 133,502,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 85 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Cabinet ministers who disagree seriously with the head of government would usually be expected to resign. Parties within the cabinet may attempt to manoeuvre to replace the head of government though, for example by proposing a new cabinet bill or voting for an early election. |
| Random quote: "He comes out of hibernation once every three years and says something stupid. No wonder the UR fell apart." - Tirza Sommer, Pragmatic Party Leader, on the Dorvish President, Leonhard Khan. |