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Bill: Working Class Tax Cut Proposal of September 2331
Details
Submitted by[?]: AM Populist Social Democrats
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: November 2332
Description[?]:
| The Populist Liberal Party of Likatonia 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. What we have done, you may notice, is cut taxes overall by raising slightly the amount one can earn before paying any taxes and lowering the bottom two brackets' percentages by 2% each, and was done without raising the top rate. This can be done while retaining the surplus if the budget bill can be passed. |
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 |
| > 13,250 LIK | 13% | 7,192,000,000 LIK |
| > 15,250 LIK | 23% | 21,541,000,000 LIK |
| > 20,500 LIK | 30% | 27,264,000,000 LIK |
| > 30,000 LIK | 32% | 11,557,000,000 LIK |
| > 40,000 LIK | 35% | 1,046,000,000 LIK | Total | 68,600,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 197 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 154 |
| 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: "There is only one corner of the universe you can be certain of improving, and that's your own self." - Aldous Huxley |