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Bill: Income tax proposal of October 3051
Details
Submitted by[?]: Kafuri People's Democratic 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: June 3052
Description[?]:
| The Kafuri People's Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Majatran Republic of Kafuristan. |
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 KAF | 5% | 14,472,000,000 KAF |
| > 10,000 KAF | 15% | 84,407,000,000 KAF |
| > 20,000 KAF | 20% | 86,256,000,000 KAF |
| > 30,000 KAF | 25% | 70,524,000,000 KAF |
| > 40,000 KAF | 30% | 56,693,000,000 KAF |
| > 50,000 KAF | 35% | 42,498,000,000 KAF |
| > 60,000 KAF | 49% | 41,568,000,000 KAF |
| > 70,000 KAF | 49% | 25,251,000,000 KAF |
| > 80,000 KAF | 49% | 17,308,000,000 KAF |
| > 90,000 KAF | 49% | 12,172,000,000 KAF |
| > 100,000 KAF | 49% | 10,281,000,000 KAF |
| > 110,000 KAF | 49% | 7,840,000,000 KAF |
| > 120,000 KAF | 49% | 0 KAF | Total | 469,270,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
| Date | 17:23:58, December 27, 2010 CET | From | Kafuri People's Democratic Party | To | Debating the Income tax proposal of October 3051 |
| Message | Recommended by the Minister of Finance, Büyüksultan Mirzoýow, and his Ministry. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 101 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "I do not believe that the United States should be bound by the same rules as the smallest African nation. Life isn't like that." - Richard Perle |