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Bill: Income tax proposal of November 2592
Details
Submitted by[?]: Bicky Forever - MSCC
Status[?]: defeated
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: July 2593
Description[?]:
| The Bicky Forever propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Ikradon. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 29
Current: 50
Proposed: 27
Article 2
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 IKD | 1% | 3,412,000,000 IKD |
| > 21,000 IKD | 6% | 15,965,000,000 IKD |
| > 26,500 IKD | 13% | 38,954,000,000 IKD |
| > 34,000 IKD | 25% | 119,693,000,000 IKD |
| > 50,000 IKD | 43% | 181,615,000,000 IKD |
| > 70,000 IKD | 55% | 284,506,000,000 IKD | Total | 644,145,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 73 | |||||
| no | Total Seats: 93 | |||||
| abstain |
Total Seats: 433 |
| Random fact: Once approved, players should copy Cultural Protocols into a bill in the debate section of their nation page, under the title of "OOC: Cultural Protocols". This bill should include links to the passed Cultural Protocol bill and the Moderation approval. |
| Random quote: "The trouble with communism is the communists, just as the trouble with Christianity is the Christians" - Henry Louis Mencken |