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Bill: Income tax proposal of May 2136
Details
Submitted by[?]: Action Française
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: August 2137
Description[?]:
| The National Alliance propose to adjust the government's income tax policy to better address the economic situation of the Kanjoran Empire. We propose abolishing the bottom and top rates of income tax. However the new highest rate would be raised from 42% to 45% This will leave us with the following Revenue 166billion income tax 33billion, corporation tax 29billion luxury sales tax 228billion total Expenditures 222billion (proposed) This leaves us with 6billion budget surplus, which can either be saved afainst future problems, or used to reduce the national deficit. |
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 |
| > 7,000 KRP | 12% | 34,571,000,000 KRP |
| > 12,000 KRP | 25% | 53,265,000,000 KRP |
| > 16,000 KRP | 36% | 109,679,000,000 KRP |
| > 24,000 KRP | 45% | 189,865,000,000 KRP | Total | 387,380,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
| Date | 17:55:51, November 06, 2005 CET | From |  Party of Kanjor | To | Debating the Income tax proposal of May 2136 |
| Message | > 3,500 KRP 8% 6,989,174,780 KRP - Keep this > 24,000 KRP 45% 81,526,000,000 KRP - Bump it up to 46-8% to make up for loss, and give us more revenue. |
| Date | 18:00:39, November 06, 2005 CET | From | Action Française | To | Debating the Income tax proposal of May 2136 |
| Message | We don't need to tax the poor, so we removed the lowest rate of tax, to help the poor. We have already raised the tax rate for thpose earning above 24,000 from 42% to 45%, we do not need to raise it further, otherwise eliminating the highest rate of tax will have been meaningless. We do not need a higher revenue, this income tax, along with our proposed spending, will leave us with a surplus of 6billion, therefore there is no need to increase income. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 268 | ||||
| no | Total Seats: 217 | ||||
| abstain | Total Seats: 114 |
| Random fact: Particracy is set in the fictional world of Terra, which mirrors the real world of today and yet is not quite like it. |
| Random quote: "If homosexuality is a disease, let's all call in queer to work. 'Hello. Can't work today; still queer.'" - Robin Tyler |