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Bill: Income tax proposal of December 2655
Details
Submitted by[?]: Revolutionary Freedom Party -- KEG SLAM
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: August 2656
Description[?]:
| The Revolutionary Freedom Party -- KEG propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Kalistan. |
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 |
| > 73,125 KRB | 1% | 1,075,000,000 KRB |
| > 75,310 KRB | 2% | 266,000,000 KRB |
| > 75,583 KRB | 3% | 401,000,000 KRB |
| > 75,857 KRB | 4% | 1,069,000,000 KRB |
| > 76,405 KRB | 5% | 658,000,000 KRB |
| > 76,677 KRB | 6% | 790,000,000 KRB |
| > 76,950 KRB | 7% | 928,000,000 KRB |
| > 77,225 KRB | 9% | 894,000,000 KRB |
| > 77,431 KRB | 11% | 366,000,000 KRB |
| > 77,500 KRB | 15% | 61,514,000,000 KRB |
| > 86,250 KRB | 17% | 65,976,000,000 KRB |
| > 95,000 KRB | 20% | 143,269,000,000 KRB |
| > 112,500 KRB | 22% | 66,478,000,000 KRB |
| > 121,250 KRB | 24% | 64,396,000,000 KRB |
| > 130,000 KRB | 26% | 124,841,000,000 KRB |
| > 150,000 KRB | 28% | 213,186,000,000 KRB |
| > 200,000 KRB | 30% | 73,969,000,000 KRB |
| > 225,000 KRB | 32% | 44,361,000,000 KRB |
| > 250,000 KRB | 34% | 63,807,000,000 KRB |
| > 300,000 KRB | 36% | 20,366,000,000 KRB |
| > 350,000 KRB | 38% | 10,362,000,000 KRB |
| > 400,000 KRB | 40% | 11,332,000,000 KRB | Total | 970,304,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 214 | |||
| no |
Total Seats: 117 | |||
| abstain | Total Seats: 98 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Ninety percent of the politicians give the other ten percent a bad reputation." - Henry Kissinger |