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Bill: Income tax proposal of July 3110
Details
Submitted by[?]: Marxist-Leninist Party of Ikradon (LL)
Status[?]: defeated
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: December 3111
Description[?]:
| The Communist Freedom Party (LL) propose to adjust the government's income tax policy to better address the economic situation of the Democratic Republic of Ikradon. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 50
Proposed: 0
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 35
Proposed: 0
Article 3
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 |
| > 50,000 IKD | 50% | 114,079,000,000 IKD |
| > 60,000 IKD | 60% | 115,964,000,000 IKD |
| > 70,000 IKD | 70% | 112,213,000,000 IKD |
| > 80,000 IKD | 80% | 99,675,000,000 IKD |
| > 90,000 IKD | 90% | 91,748,000,000 IKD |
| > 100,000 IKD | 99% | 127,937,000,000 IKD | Total | 661,616,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 12:23:05, April 25, 2011 CET | From |  Union Socialism Alliance | To | Debating the Income tax proposal of July 3110 |
| Message | With this proposal, our income is actually lowered! We don't support. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 167 | ||||
| no |
Total Seats: 282 | ||||
| abstain |
Total Seats: 301 |
| Random fact: Real life-life nationalities, cultures or ethnicities should not be referenced in Particracy (eg. "German"). |
| Random quote: "Too bad all the people who know how to run the country are busy driving taxi cabs and cutting hair." - George Burns |