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Bill: Income tax proposal of March 2322
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 2323
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. We feel that, in light of the continuing surplus, the tax burden on our poorest taxpayers should be reduced. |
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 | 16% | 11,446,000,000 LIK |
| > 15,250 LIK | 25% | 23,425,000,000 LIK |
| > 20,500 LIK | 30% | 28,239,000,000 LIK |
| > 30,500 LIK | 32% | 10,723,000,000 LIK |
| > 40,500 LIK | 35% | 841,000,000 LIK | Total | 74,674,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 22:36:31, November 30, 2006 CET | From | MMP (Maoist People's Party) | To | Debating the Income tax proposal of March 2322 |
| Message | We strongly support this measure |
| Date | 00:54:07, December 01, 2006 CET | From |  Likaton Coalition of the Willing | To | Debating the Income tax proposal of March 2322 |
| Message | No objections. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 494 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 7 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "Communism needs democracy like the human body needs oxygen." - Leon Trotsky |