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Bill: Minor Tax Cuts
Details
Submitted by[?]: Old School Liberal Party
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: July 2138
Description[?]:
| This bill proposes some small tax cuts for individuals in all brackets while still providing for a substantial surplus from year to year. The tax cuts will further stimulate our growing economy and make it easier to catch up to the more developed countries. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 25
Proposed: 7
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 |
| > 1,000 KAF | 17% | 137,606,000,000 KAF |
| > 15,000 KAF | 20% | 101,833,000,000 KAF |
| > 25,000 KAF | 24% | 84,086,000,000 KAF |
| > 35,000 KAF | 28% | 88,066,000,000 KAF |
| > 50,000 KAF | 33% | 77,208,000,000 KAF |
| > 75,000 KAF | 39% | 46,901,000,000 KAF | Total | 535,700,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 206 | |||||
| no | Total Seats: 74 | |||||
| abstain | Total Seats: 0 |
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