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Bill: Economic Reform Act 2849
Details
Submitted by[?]: National Democrats
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: May 2850
Description[?]:
| The National Democrats propose to adjust the government's tax policy to better address the economic situation of the Republic of Kirlawa. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 58
Current: 25
Proposed: 16
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 8
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 17
Current: 33
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 KDI | 5% | 939,996,000,000 KDI | Total | 939,996,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
| Date | 03:48:52, November 18, 2009 CET | From | National Democrats | To | Debating the Economic Reform Act 2849 |
| Message | Clear and just, a fair flat income tax, a correction of that nonsense we had called a corporation tax, and taxing instead what is the faierest of all: consumption. (Keeping the luxury tax double is a gesture to our Commies - we'll cut a bit on the budget to be proposed) |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 341 | ||
| no | Total Seats: 262 | ||
| abstain | Total Seats: 0 |
| Random fact: Zardugal is a nation based on the old Byzantine Empire, with a modern twist and the Esperanto language. Zardugal is located on the continent of Majatra. |
| Random quote: "The more you observe politics, the more you've got to admit that each party is worse than the other." - Will Rogers |