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Bill: Income tax proposal of April 2524
Details
Submitted by[?]: Jakanian Imperial 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: March 2525
Description[?]:
The Jakanian Conservative League propose to adjust the government's income tax policy to better address the economic situation of the United Jakania.
We have offered tax cuts to the poor, everyone under 50,000 JAK. We have shaved off some $22-25 billion JAK in income tax revenue. A 1% cut in taxes were given to all brackets at or under 50,000 JAK except the 15,000 JAK bracket. |
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 |
> 15,000 JAK | 1% | 2,890,000,000 JAK |
> 20,000 JAK | 2% | 10,416,000,000 JAK |
> 30,000 JAK | 3% | 11,155,000,000 JAK |
> 40,000 JAK | 4% | 11,007,000,000 JAK |
> 50,000 JAK | 5% | 10,189,000,000 JAK |
> 60,000 JAK | 7% | 15,765,000,000 JAK |
> 75,000 JAK | 8% | 10,350,000,000 JAK |
> 87,000 JAK | 9% | 10,378,000,000 JAK |
> 100,000 JAK | 11% | 12,527,000,000 JAK |
> 125,000 JAK | 13% | 5,934,000,000 JAK |
> 150,000 JAK | 16% | 1,008,000,000 JAK |
> 160,000 JAK | 18% | 1,114,000,000 JAK |
Total | 102,733,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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Vote |
Seats |
yes | Total Seats: 243 |
no | Total Seats: 56 |
abstain | Total Seats: 51 |
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