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Bill: Income tax proposal of August 2424
Details
Submitted by[?]: National Arab Party of Kafuristan
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: April 2425
Description[?]:
| We propose to decrease the current budget deficit through the increased tax measureswe present to you today. |
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 |
| > 1,000 KAF | 1% | 2,311,000,000 KAF |
| > 5,000 KAF | 5% | 7,221,000,000 KAF |
| > 7,500 KAF | 10% | 14,442,000,000 KAF |
| > 10,000 KAF | 29% | 16,752,000,000 KAF |
| > 11,000 KAF | 30% | 17,330,000,000 KAF |
| > 12,000 KAF | 31% | 17,908,000,000 KAF |
| > 13,000 KAF | 32% | 18,485,000,000 KAF |
| > 14,000 KAF | 33% | 19,063,000,000 KAF |
| > 15,000 KAF | 34% | 19,429,000,000 KAF |
| > 16,000 KAF | 35% | 19,473,000,000 KAF |
| > 17,000 KAF | 36% | 19,628,000,000 KAF |
| > 18,000 KAF | 37% | 20,015,000,000 KAF |
| > 19,000 KAF | 38% | 19,487,000,000 KAF |
| > 20,000 KAF | 39% | 19,412,000,000 KAF |
| > 21,000 KAF | 40% | 19,581,000,000 KAF |
| > 22,000 KAF | 41% | 19,655,000,000 KAF |
| > 23,000 KAF | 42% | 19,127,000,000 KAF |
| > 24,000 KAF | 43% | 18,836,000,000 KAF |
| > 25,000 KAF | 44% | 18,602,000,000 KAF |
| > 26,000 KAF | 45% | 18,384,000,000 KAF |
| > 27,000 KAF | 46% | 18,051,000,000 KAF |
| > 28,000 KAF | 47% | 17,188,000,000 KAF |
| > 29,000 KAF | 48% | 16,968,000,000 KAF |
| > 30,000 KAF | 49% | 137,893,000,000 KAF |
| > 40,000 KAF | 50% | 52,469,000,000 KAF |
| > 45,000 KAF | 51% | 42,623,000,000 KAF |
| > 50,000 KAF | 52% | 33,949,000,000 KAF |
| > 55,000 KAF | 53% | 29,604,000,000 KAF |
| > 60,000 KAF | 54% | 25,220,000,000 KAF |
| > 65,000 KAF | 55% | 20,859,000,000 KAF |
| > 70,000 KAF | 56% | 15,715,000,000 KAF |
| > 75,000 KAF | 57% | 13,311,000,000 KAF |
| > 80,000 KAF | 58% | 11,786,000,000 KAF |
| > 85,000 KAF | 59% | 8,809,000,000 KAF |
| > 90,000 KAF | 60% | 14,874,000,000 KAF |
| > 100,000 KAF | 65% | 13,608,000,000 KAF |
| > 110,000 KAF | 70% | 11,173,000,000 KAF |
| > 120,000 KAF | 75% | 0 KAF | Total | 829,241,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 268 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 105 |
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