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Bill: Revenue Act of October 5514
Details
Submitted by[?]: New Likatonian Order
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: June 5515
Description[?]:
| An Act to increase revenue. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 17
Proposed: 20
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 5
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 18
Proposed: 18
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 |
| > 5,000 LIK | 5% | 12,924,000,000 LIK |
| > 10,000 LIK | 10% | 17,118,000,000 LIK |
| > 15,000 LIK | 15% | 34,473,000,000 LIK | Total | 64,515,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 450 | ||
| no |
Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Players have a responsibility to make a reasonable effort to be accurate when communicating the rules to other players. Any player who manipulatively misleads another player about the rules will be subject to sanction. |
| Random quote: "He who will not economize will have to agonize." - Confucius |