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Bill: Income tax proposal of March 2578
Details
Submitted by[?]: Boston Tea 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: November 2578
Description[?]:
| The Boston Tea Party propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Ikradon. |
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 |
| > 10,000 IKD | 4% | 22,683,000,000 IKD |
| > 20,000 IKD | 8% | 65,779,000,000 IKD |
| > 40,000 IKD | 15% | 75,277,000,000 IKD |
| > 60,000 IKD | 22% | 77,645,000,000 IKD |
| > 80,000 IKD | 29% | 65,571,000,000 IKD |
| > 100,000 IKD | 36% | 34,541,000,000 IKD |
| > 125,000 IKD | 43% | 8,818,000,000 IKD |
| > 150,000 IKD | 50% | 6,403,000,000 IKD | Total | 356,717,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 345 | |||
| no |
Total Seats: 115 | |||
| abstain |
Total Seats: 139 |
| Random fact: Terra, the fictional world in which Particracy is set, consists of 8 continents: Artania, Dovani, Keris, Makon, Majatra, Seleya, Temania and Vascania. |
| Random quote: "If sunbeams were weapons of war, we would have had solar energy centuries ago." - George Porter |