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Bill: Income tax proposal of December 2642
Details
Submitted by[?]: Liberal Conservatives
Status[?]: passed
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: February 2644
Description[?]:
| We currently have a fairly large surplus, I propose we spend it by relieving the burden of taxation on the lowest income earners by removing the lowest bracket of taxation, additionally the amount of revenue generated by corporation tax is very low indeed and can also be removed by our surplus. This will help business thrive, creating jobs across the entire country. I stress once again that because this is from our surplus there will be no need for a reduction in spending on our vital public services. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 0
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 KKR | 25% | 117,716,000,000 KKR |
| > 30,000 KKR | 30% | 28,456,000,000 KKR |
| > 35,000 KKR | 35% | 53,031,000,000 KKR |
| > 45,000 KKR | 40% | 32,631,000,000 KKR |
| > 55,000 KKR | 60% | 45,988,000,000 KKR |
| > 70,000 KKR | 75% | 42,031,000,000 KKR | Total | 319,853,000,000 KKR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 397 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 103 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood." - Universal Declaration of Human Rights |