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Bill: Income tax proposal of November 2936
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: November 2937
Description[?]:
| "Mr. Speaker, The Ministry of Finance propose this income tax system to better the situation for working families across Jakania. We propose a 100 bn tax cut, which we essentially make up through corporation tax, small budget cuts in bureaucracy and increases in luxury tax. This package must be seen in correlation with the Econ and Budgetary Package Act. We hope for a good debate." Abraham Goldfarb, Minister of Finance. |
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 | 7% | 60,652,000,000 JAK |
| > 20,000 JAK | 9% | 46,844,000,000 JAK |
| > 30,000 JAK | 10% | 64,662,000,000 JAK |
| > 50,000 JAK | 11% | 39,794,000,000 JAK |
| > 70,000 JAK | 12% | 26,839,000,000 JAK |
| > 90,000 JAK | 15% | 21,985,000,000 JAK |
| > 110,000 JAK | 17% | 19,314,000,000 JAK | Total | 280,090,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 16:02:25, May 12, 2010 CET | From | Republican Party of Jakania | To | Debating the Income tax proposal of November 2936 |
| Message | Mr. Speaker, "I must say I find it odd that the JLP fights against making the tax code more progressive, to give tax cuts to working families." Abraham Goldfarb Minister of Finance. |
| Date | 15:21:33, May 13, 2010 CET | From | Jakanian Liberal Party (JLP) | To | Debating the Income tax proposal of November 2936 |
| Message | this is unfair. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 100 | ||
| no | Total Seats: 104 | ||
| abstain |
Total Seats: 33 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "A politician who is poor is a poor politician." - Carlos Hank Gonzalez |