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Bill: Income tax proposal of March 2304
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: March 2305
Description[?]:
| The AM Radical Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the The Free Axis Mundi Republic of Central 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 |
| > 12,750 LIK | 20% | 33,079,000,000 LIK |
| > 20,500 LIK | 22% | 20,717,000,000 LIK |
| > 30,500 LIK | 24% | 8,041,000,000 LIK |
| > 40,500 LIK | 26% | 626,000,000 LIK | Total | 62,463,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 21:24:33, October 25, 2006 CET | From | AM Radical Libertarian Party | To | Debating the Income tax proposal of March 2304 |
| Message | We propose raising the cut off points for all brackets, while retaining a small surplus in case of an economic setback. The largest increase is in the number of low income citizens who will be tax free under the new plan. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 351 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 150 |
| Random fact: If there are no parties in your nation with seats, feel free to visit the forum and request an early election on the Early Election Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4362 |
| Random quote: "It's not enough that we do our best; sometimes we have to do what's required." - Winston Churchill |