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Bill: Middle Class Tax Cut of September 2344
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: May 2345
Description[?]:
| With the economy in surplus, we believe it is proper and easily affordable to grant a moderate tax cut to those making between 20,000 and 30,000 LIK. Thus, we are proposing to lower that rate while keeping the remainder of the income tax code the same. |
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 |
| > 10,000 LIK | 2% | 5,285,000,000 LIK |
| > 20,000 LIK | 18% | 17,549,000,000 LIK |
| > 30,000 LIK | 25% | 9,029,000,000 LIK |
| > 40,000 LIK | 50% | 1,493,000,000 LIK |
| > 70,000 LIK | 66% | 0 LIK | Total | 33,356,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 132 | ||||
| no | Total Seats: 67 | ||||
| abstain | Total Seats: 0 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| Random quote: "Take our country back" - Conservative Republican campaign slogan for the 4690 Likatonian election |