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Bill: Income tax proposal of July 2477
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 not pass any sooner than the deadline.
Voting deadline: March 2478
Description[?]:
| The National Arab Party of Kafuristan 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
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 25
Proposed: 49
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 10
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 25
Proposed: 25
Article 4
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 |
| > 500 KAF | 50% | 14,446,000,000 KAF |
| > 1,000 KAF | 50% | 260,034,000,000 KAF |
| > 10,000 KAF | 75% | 216,695,000,000 KAF |
| > 15,000 KAF | 80% | 1,222,163,000,000 KAF | Total | 1,713,338,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
| Date | 17:47:53, October 28, 2007 CET | From | Republican Party of Kafuristan (KRC) | To | Debating the Income tax proposal of July 2477 |
| Message | Other than raising corporation tax, this bill is decent. |
| Date | 19:21:10, October 28, 2007 CET | From | Liberal Urban Party | To | Debating the Income tax proposal of July 2477 |
| Message | Seems reasonable indeed. |
| Date | 19:33:51, October 28, 2007 CET | From | Kafuri Socialist Party | To | Debating the Income tax proposal of July 2477 |
| Message | There should be no tax on essential goods. |
| Date | 02:15:23, October 29, 2007 CET | From | The Kuchifey Liberation Party (KLC) | To | Debating the Income tax proposal of July 2477 |
| Message | No taxes on Essential goods. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 350 | ||||
| no | Total Seats: 165 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Culturally Open nations can adopt advisory/non-enforceable Nation Descriptions. See http://forum.particracy.net/viewtopic.php?f=5&t=6242 |
| Random quote: "The sun, the moon and the stars would have disappeared long ago had they happened to be within the reach of predatory human hands." - Havelock Ellis |