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Bill: Income Tax Reform Act (2613)
Details
Submitted by[?]: Keymon Socialist Party
Status[?]: defeated
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 2613
Description[?]:
| Resolved, that the rates of tax on income for persons resident in the Grand Duchy of Keymon shall be as follows: |
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 KED | 5% | 1,982,000,000 KED |
| > 20,000 KED | 10% | 1,596,000,000 KED |
| > 35,000 KED | 15% | 86,000,000 KED | Total | 3,664,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 05:05:22, July 29, 2008 CET | From |  Keymon Socialist Party | To | Debating the Income Tax Reform Act (2613) |
| Message | As our nation is free of debt and we have a rather plentiful surplus, we may now reduce the income tax rate, across the board. This will aid poorer families and also allow persons to use more of their earnings on their mortgages, food or savings, for example. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 38 | |||
| no |
Total Seats: 43 | |||
| abstain | Total Seats: 18 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice." - Friedrich August von Hayek |