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Bill: Internal Revenue Act (2730)
Details
Submitted by[?]: Socialist Party of Kafuristan
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: January 2731
Description[?]:
| Resolved, that the Ministry of Finance of the Oil Emirate of Kafuristan proposes the following rates of taxation on income: |
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 KAF | 1% | 7,981,000,000 KAF |
| > 25,000 KAF | 10% | 66,491,000,000 KAF |
| > 50,000 KAF | 25% | 58,509,000,000 KAF |
| > 75,000 KAF | 35% | 29,203,000,000 KAF |
| > 100,000 KAF | 50% | 18,462,000,000 KAF | Total | 180,646,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 32 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 22 |
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