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Bill: KMT Tax Cuts, April 2895
Details
Submitted by[?]: 國民進步保守黨 Nat'l Tory Bloc
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: December 2895
Description[?]:
| The Kuomintang propose to adjust the government's income tax policy to better address the economic situation of the Republic of Indrala. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 50
Proposed: 9
Article 2
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 |
| > 12,500 INS | 32% | 46,971,000,000 INS |
| > 15,000 INS | 35% | 51,375,000,000 INS |
| > 17,500 INS | 38% | 55,778,000,000 INS |
| > 20,000 INS | 42% | 2,140,501,000,000 INS | Total | 2,294,625,000,000 INS |
Debate
These messages have been posted to debate on this bill:
| Date | 09:04:08, February 17, 2010 CET | From | Free Conservative Party | To | Debating the KMT Tax Cuts, April 2895 |
| Message | I do not believe this bill goes far enough in cutting taxes for the lower income brackets. If it were to cut taxes by over 50 percent, then I would be more inclined to support this bill. |
| Date | 09:11:09, February 17, 2010 CET | From | 國民進步保守黨 Nat'l Tory Bloc | To | Debating the KMT Tax Cuts, April 2895 |
| Message | Any changes to the fiscal system should be done conservatively and not for the sake of just cutting taxes |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 502 | ||
| no |
Total Seats: 248 | ||
| abstain | Total Seats: 0 |
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