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Bill: Income tax proposal of September 2817
Details
Submitted by[?]: Parti Révolutionnaire des Travailleurs
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: May 2818
Description[?]:
| A staggered and progressive taxation system, which cuts tax for the poor, and shifts the tax burder onto the wealthy who can afford to pay extra. This corrects the current indiscrepencies in the taxation system and distributes the tax burder more evenly, while giving leverage to the poor. Vincent Ramadier Finance Minister |
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 KRP | 5% | 7,186,000,000 KRP |
| > 12,500 KRP | 10% | 13,404,000,000 KRP |
| > 15,000 KRP | 20% | 44,194,000,000 KRP |
| > 20,000 KRP | 30% | 48,729,000,000 KRP |
| > 25,000 KRP | 35% | 63,203,000,000 KRP |
| > 35,000 KRP | 45% | 42,500,000,000 KRP |
| > 45,000 KRP | 55% | 27,470,000,000 KRP |
| > 55,000 KRP | 60% | 10,210,000,000 KRP |
| > 60,000 KRP | 65% | 7,516,000,000 KRP |
| > 65,000 KRP | 75% | 14,775,000,000 KRP |
| > 75,000 KRP | 85% | 16,887,000,000 KRP | Total | 296,074,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 173 | |||
| no |
Total Seats: 295 | |||
| abstain | Total Seats: 132 |
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