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Bill: Income tax proposal of March 2331
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 2332
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 propose a 1% decrease in the tax on the lowest bracket, allowing those most in need of their hard earned wages to keep a bit more of them. This will still leave us with a small surplus to meet any emergency situations. |
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 | 15% | 10,721,000,000 LIK |
| > 15,250 LIK | 25% | 23,394,000,000 LIK |
| > 20,500 LIK | 30% | 28,194,000,000 LIK |
| > 30,500 LIK | 32% | 10,681,000,000 LIK |
| > 40,500 LIK | 35% | 839,000,000 LIK | Total | 73,829,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 22:23:17, December 18, 2006 CET | From | AM Populist Social Democrats | To | Debating the Income tax proposal of March 2331 |
| Message | Seeing that this cuts taxes only for those in the lowest bracket and not for the wealthy, while maintaining the surplus, the PLP can vote for this bill. |
| Date | 00:12:23, December 19, 2006 CET | From | MMP (Maoist People's Party) | To | Debating the Income tax proposal of March 2331 |
| Message | We can also support this measure for the same reasons as expressed by the PLP and hope that more progressive tax measures will be implemented in the near future. |
| Date | 01:40:22, December 19, 2006 CET | From |  Likaton Coalition of the Willing | To | Debating the Income tax proposal of March 2331 |
| Message | Aye. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 208 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 143 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Capitalism is what people do if you leave them alone" - Kenneth Minogue |