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Bill: Income tax proposal of November 2929
Details
Submitted by[?]: Republican Party of Jakania
Status[?]: passed
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: January 2931
Description[?]:
| The Progress Party of Jakania propose to adjust the government's income tax policy to better address the economic situation of the United Jakania. |
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 |
| > 5,000 JAK | 10% | 86,866,000,000 JAK |
| > 20,000 JAK | 11% | 57,395,000,000 JAK |
| > 30,000 JAK | 14% | 90,739,000,000 JAK |
| > 50,000 JAK | 16% | 135,609,000,000 JAK | Total | 370,609,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 19:07:31, April 28, 2010 CET | From |  Republican Party of Jakania | To | Debating the Income tax proposal of November 2929 |
| Message | Mr. Speaker, We in the Progress Party acknowledge that the Labour Party is obviously disoriented, or in some way in dire need of some medication or help. We've just voted over sales tax cuts, here the Labour Party decided to follow us with the drastic cuts, but now, they don't want to make up for the revenue and raise income taxes. Obviously, the JLP cares only about cheap votes, and not the 1.5 trillion JAR deficit that would occur. Or does the JLP want to cut health care and education? Minister of Finance, Abraham Goldfarb. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 142 | ||
| no |
Total Seats: 108 | ||
| abstain | Total Seats: 0 |
| Random fact: There are two countries based on Egypt in the game. Cobura is based on modern Egypt with a retro twist, while Hawu Mumenhes is based on Ancient Egypt with a modernist twist. |
| Random quote: "I have no faith in political arithmetic." - Adam Smith |