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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% | 5,293,000,000 LIK |
| > 20,000 LIK | 18% | 17,557,000,000 LIK |
| > 30,000 LIK | 25% | 9,029,000,000 LIK |
| > 40,000 LIK | 50% | 1,495,000,000 LIK |
| > 70,000 LIK | 66% | 0 LIK | Total | 33,374,000,000 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: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "Democrats always assure us that deterrence will work, but when the time comes to deter, they're against it. " - Ann Coulter |