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Bill: Impending Collapse Prevention Act
Details
Submitted by[?]: Communist 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 not pass any sooner than the deadline.
Voting deadline: September 2131
Description[?]:
| Our nation is spending much more than our income tax is assisting, and we cannot cut funding by nearly enough! -104,221,559,142 KAF !!! Our economy and government will be entirely destroyed if we do not stop this unhealthy decline through a slight increase in taxation. We must increase taxes AND lower spending. We will immediately lower spending after we have near balanced the budget through the passing of this proposal, as cutting it right now may be dangerous with a fragile economy. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 14
Current: 25
Proposed: 20
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 10
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 11
Current: 25
Proposed: 16
Article 4
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 |
| > 1,000 KAF | 8% | 4,633,000,000 KAF |
| > 2,000 KAF | 12% | 13,898,000,000 KAF |
| > 4,000 KAF | 16% | 37,062,000,000 KAF |
| > 8,000 KAF | 24% | 111,036,000,000 KAF |
| > 16,000 KAF | 32% | 229,069,000,000 KAF |
| > 32,000 KAF | 48% | 363,835,000,000 KAF | Total | 759,533,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
| Date | 23:46:04, October 25, 2005 CET | From | Libertarian and Federalist Alliance | To | Debating the Impending Collapse Prevention Act |
| Message | 48% seems a bit much. |
| Date | 00:11:08, October 26, 2005 CET | From | Old School Liberal Party | To | Debating the Impending Collapse Prevention Act |
| Message | We can definitely decrease government spending by a whole lot less instead of taxing the people this way. |
| Date | 02:45:52, October 26, 2005 CET | From | Sect of the Green Moon | To | Debating the Impending Collapse Prevention Act |
| Message | Why not slash everything? Who needs to spend money on Healthcare? |
| Date | 03:15:31, October 26, 2005 CET | From | The Raging Bull Zealots of Zidine | To | Debating the Impending Collapse Prevention Act |
| Message | At the risk of not sounding facist, I agree. |
| Date | 14:46:59, October 26, 2005 CET | From | Communist Party of Kafuristan | To | Debating the Impending Collapse Prevention Act |
| Message | ...We will decrease funding to meet the slightly increased tax revenues. However, we shouldn't lower spending without first compromising with slightly increased taxes. 48% is the absolute maximum tax rate, and I was sure to not bring the increments to a final value above 50. I was thinking of an additional bracket, but that would mess up the rest of the incriments and I knew you would definitely oppose the added bracket. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 160 | ||||
| no | Total Seats: 108 | ||||
| abstain |
Total Seats: 32 |
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