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Bill: Income tax proposal of October 2427
Details
Submitted by[?]: Kafuri Socialist 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: June 2428
Description[?]:
| The Kafuri Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the United Majatran Republic of Kafuristan. |
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 |
| > 5,000 KAF | 25% | 72,184,000,000 KAF |
| > 10,000 KAF | 30% | 86,621,000,000 KAF |
| > 15,000 KAF | 35% | 95,410,000,000 KAF |
| > 20,000 KAF | 40% | 94,377,000,000 KAF |
| > 25,000 KAF | 45% | 87,433,000,000 KAF |
| > 30,000 KAF | 50% | 77,843,000,000 KAF |
| > 35,000 KAF | 55% | 69,153,000,000 KAF |
| > 40,000 KAF | 60% | 62,958,000,000 KAF |
| > 45,000 KAF | 65% | 54,327,000,000 KAF |
| > 50,000 KAF | 70% | 247,693,000,000 KAF | Total | 947,999,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
| Date | 01:37:49, July 13, 2007 CET | From |  Democratic Party | To | Debating the Income tax proposal of October 2427 |
| Message | We wouldn't have enough to pay our budget. |
| Date | 22:36:27, July 13, 2007 CET | From |  National Arab Party of Kafuristan | To | Debating the Income tax proposal of October 2427 |
| Message | Yes we would. We would get more money from this proposal than the current system. |
| Date | 23:44:39, July 13, 2007 CET | From | Democratic Party | To | Debating the Income tax proposal of October 2427 |
| Message | Indeed we would. My apologies, I was looking at the wrong column on the revenue thing. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 295 | ||
| no | Total Seats: 210 | ||
| abstain | Total Seats: 0 |
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