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Bill: Income tax proposal of November 2502
Details
Submitted by[?]: Social Liberal 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: July 2503
Description[?]:
| Income tax cut, aimed at lower income brackets. The shortfall in revenue should be more than covered by the money we are raising from our new sales taxes. |
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 |
| > 16,000 KDI | 8% | 74,188,000,000 KDI |
| > 32,000 KDI | 14% | 259,659,000,000 KDI |
| > 64,000 KDI | 18% | 661,871,000,000 KDI |
| > 128,000 KDI | 21% | 2,401,217,000,000 KDI | Total | 3,396,935,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
| Date | 22:02:51, December 18, 2007 CET | From | Kirlawan Popular Front | To | Debating the Income tax proposal of November 2502 |
| Message | We don't really like the sales tax change (our fault for not voting), but this does not result in an imbalanced budget and even allows some scope for improved services. As the cuts are aimed at lower earners, we will support this Bill. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 398 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 319 |
| Random fact: Moderation will not approve a Cultural Protocol request within the first 48 hours of it being requested. This is in order to give other players a chance to query the proposed changes, if they wish to do so. Moderation may be approached for advice on a proposed change, but any advice proffered should always be understood under the provisio that no final decision will be made until at least 48 hours after the request has been formally submitted for approval. |
| Random quote: "No man has ever been born a Negro hater, a Jew hater, or any other kind of hater. Nature refuses to be involved in such suicidal practices." - Harry Bridges |