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Bill: Income tax proposal of December 2448
Details
Submitted by[?]: Kanjoran Centrist Party
Status[?]: defeated
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 2454
Description[?]:
| The Minister for Finance proposes to adjust the government's income tax policy to better address the economic situation of the Confédération des Deux Kanjors. This new taxation policy will reduce the tax burden on Kanjor's poorest people and spread the burden on the middle classes by reducing the tax rate but lowering the threshold slightly. We have also abolished the pointless fourth tax bracket as it raises little revenue and is costly to administrate. |
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 |
| > 14,000 KRP | 4% | 20,272,000,000 KRP |
| > 28,000 KRP | 16% | 43,813,000,000 KRP |
| > 62,000 KRP | 32% | 14,890,000,000 KRP | Total | 78,975,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
| Date | 15:14:37, September 01, 2007 CET | From | Kanjoran Centrist Party | To | Debating the Income tax proposal of December 2448 |
| Message | We would like to add that the current surplus of 4 billion and a revised spending policy with money being directed to those who need it and not those who waste it will mean that tax cuts worth approximately 14 billion KRP, will still be financially viable to the treasury. |
| Date | 00:12:58, September 02, 2007 CET | From | 2ème PPPP | To | Debating the Income tax proposal of December 2448 |
| Message | What did this look like before? I am suspicious. |
| Date | 01:49:51, September 02, 2007 CET | From | Kanjoran Centrist Party | To | Debating the Income tax proposal of December 2448 |
| Message | Why are you suspicious? it wasn't much different just view the current budget. |
| Date | 02:06:02, September 02, 2007 CET | From | 2ème PPPP | To | Debating the Income tax proposal of December 2448 |
| Message | The lowering of the first two brackets is good, but I don't really like removing the highest bracket, and if you're really set on doing that the third bracket should be raised. |
| Date | 04:16:27, September 02, 2007 CET | From | Partie Patriotique de Kanjor | To | Debating the Income tax proposal of December 2448 |
| Message | We agree with the PPPP on this. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 143 | ||||
| no |
Total Seats: 203 | ||||
| abstain |
Total Seats: 29 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "A democracy that does not allow limits is not a democracy. Just as a limitless freedom is not freedom, but prevarication. Indeed, any theory of freedom worthy of this name is first of all a limit theory. If we extend the unlimited tolerance even to those who are intolerant, if we are not willing to defend a tolerant society against the attacks of the intolerants, then the tolerants will be destroyed and the tolerance with them! Because, I ask to myself and ask you, given a certain system that we call democratic, which is today the best possible system to allow everyone to live freely and to be able to express their own thoughts, how can the same system admit attacks against its integrity? How can a system refuse the principle of the self-preservation? For this reason, to suppress the apologetics of thalerrism, it's for this reason that the exaltation of exegetes, principles, facts or methods of Thallerism and its anti-democratic aims does not constitute a violation of the freedom of manifestation of thought, but, on the contrary, the celebration of that freedom. The protection of the first premise on which a modern democratic system is based. And this premise must be safeguarded also and above all against itself and its abuses." ~ Malik Astori, Leadership of Liberty and Progress (Istalia) |