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Bill: Sales Tax Reduction Proposal
Details
Submitted by[?]: Marxist-Leninist Party of Ikradon (LL)
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: March 2955
Description[?]:
| The Communist Freedom Party (LL) propose to adjust the government's income tax policy to better address the economic situation of the Socialist Republic of Ikradon. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 35
Proposed: 5
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 |
| > 20,000 IKD | 1% | 1,354,000,000 IKD |
| > 22,500 IKD | 5% | 5,927,000,000 IKD |
| > 25,000 IKD | 10% | 11,357,000,000 IKD |
| > 27,500 IKD | 15% | 15,275,000,000 IKD |
| > 30,000 IKD | 20% | 37,816,000,000 IKD |
| > 35,000 IKD | 25% | 41,666,000,000 IKD |
| > 40,000 IKD | 30% | 44,068,000,000 IKD |
| > 45,000 IKD | 35% | 44,883,000,000 IKD |
| > 50,000 IKD | 40% | 91,405,000,000 IKD |
| > 60,000 IKD | 45% | 87,119,000,000 IKD |
| > 70,000 IKD | 50% | 80,293,000,000 IKD |
| > 80,000 IKD | 55% | 68,643,000,000 IKD |
| > 90,000 IKD | 60% | 61,275,000,000 IKD |
| > 100,000 IKD | 65% | 62,591,000,000 IKD |
| > 125,000 IKD | 70% | 14,392,000,000 IKD |
| > 150,000 IKD | 75% | 9,630,000,000 IKD | Total | 677,694,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 19:10:12, June 15, 2010 CET | From |  Art & Labour | To | Debating the Sales Tax Reduction Proposal |
| Message | Whilst this does put millions of people back into paying taxation when they were not in the scope of paying taxes before, we support this given that it more than halves sales tax which has such a disproportionate effect on the poorest citizens in Ikradon. |
| Date | 04:56:21, June 16, 2010 CET | From | Union Socialism Alliance | To | Debating the Sales Tax Reduction Proposal |
| Message | We heavily disagree on the reduction of the Luxury Tax. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 487 | ||||
| no | Total Seats: 112 | ||||
| abstain |
Total Seats: 0 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: Wait a min was we tricked into voting for absolute monarchy (Jamie Jamesson, Chancellor of Luthori 4269-4310) |