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Bill: KPF 2524/A Tax Budget
Details
Submitted by[?]: Kirlawan Popular Front
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 2525
Description[?]:
| The Kirlawan Popular Front propose to adjust the government's income tax policy to better address the economic situation of the Republic of Kirlawa. |
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 |
| > 100,000 KDI | 10% | 272,686,000,000 KDI |
| > 150,000 KDI | 20% | 820,697,000,000 KDI |
| > 250,000 KDI | 30% | 1,417,729,000,000 KDI |
| > 500,000 KDI | 40% | 520,557,000,000 KDI |
| > 750,000 KDI | 50% | 79,217,000,000 KDI | Total | 3,110,886,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
| Date | 20:09:11, January 30, 2008 CET | From | Kirlawan Popular Front | To | Debating the KPF 2524/A Tax Budget |
| Message | We note that the old bands had many steps below the 150,000KDI level. The average income of the lowest icoscile (ie: the 5% of lowest earners) is between 110,000KDI and 135,000KDI in each region, meaning that very few people have no tax to pay, and almost everyone who does has to be taxed over at two or three bands. We propose that the overall level of taxation be reduced by about 10%. We propose that more people on low incomes be exempt, and so the lowest band should start at 100,000KDI. This will in effect result in a tax cut for the vast majority of Kirlawans. We propose that higher bands be brought in at easily understood levels, and at easily recognised rates. The highers tax rate of 50% will only affect people in the top decile. This would still leave the government with a budget in surplus, but not to the tune of 1.2 Trillion KDI |
| Date | 23:07:15, January 30, 2008 CET | From | Anti Egalitarian Alliance | To | Debating the KPF 2524/A Tax Budget |
| Message | Actually to be honest this is quite reasonable. |
| Date | 07:07:04, January 31, 2008 CET | From | Gluaiseacht Shaoráil DhaonlathachIt | To | Debating the KPF 2524/A Tax Budget |
| Message | The DFM favours the introduction of the flat tax but we will give this our support as this means a tax reduction. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 375 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 326 |
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