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Bill: Income tax proposal of October 2918
Details
Submitted by[?]: Republican Party of Jakania
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: June 2919
Description[?]:
| Gradual tax cut that Jakanians deserve. We currently have an enormous surplus, and it wouldn't even begin to skim the surface of it. This inclues tax cuts for the poorest to a large degree, and some for the middle class and richer. On a long-term scale, we must stop taxing at such low incomes, considering that all the revenue comes from the "richer" parts, which really aren't "rich" at all, merely a failure of government to follow inflation. |
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 |
| > 6,000 JAK | 10% | 23,145,000,000 JAK |
| > 10,000 JAK | 13% | 37,611,000,000 JAK |
| > 15,000 JAK | 17% | 29,510,000,000 JAK |
| > 18,000 JAK | 21% | 24,302,000,000 JAK |
| > 20,000 JAK | 26% | 72,648,000,000 JAK |
| > 25,000 JAK | 30% | 72,598,000,000 JAK |
| > 30,000 JAK | 33% | 66,952,000,000 JAK |
| > 35,000 JAK | 35% | 452,245,000,000 JAK | Total | 779,011,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 57 | ||
| no | Total Seats: 193 | ||
| abstain | Total Seats: 0 |
| Random fact: All role-play must respect the established cultural background in Culturally Protected nations. |
| Random quote: "Congress is like diapers; it should be changed regularly as it gets full of the same thing." - Seen on a bumper sticker |