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Bill: Income tax proposal of November 2257
Details
Submitted by[?]: AM Radical Libertarian 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: January 2260
Description[?]:
| The AM Radical Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the The Axis Mundi Republic of Likatonia. We wish to lessen the tax burden on th elowest income families, lessen the rise as income increases, and put the highest tax bracket on the same scale as the rest of the system. |
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 |
| > 6,000 LIK | 6% | 16,801,000,000 LIK |
| > 12,000 LIK | 23% | 42,522,000,000 LIK |
| > 20,000 LIK | 26% | 25,316,000,000 LIK |
| > 30,000 LIK | 28% | 10,112,000,000 LIK |
| > 40,000 LIK | 30% | 899,000,000 LIK | Total | 95,650,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 265 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 236 |
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