Bill: Taxation Bill (August 3112)
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: April 3113
|The Liberal Urban Party propose to adjust the government's income tax policy to better address the economic situation of the Holy Ranz'riah Empire of Queranzári Kafuristan.|
Old value:: Only advertising that meets certain set standards is permitted.
Current: All advertising is permitted.
Proposed: All advertising is permitted.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Old value:: Energy is provided by nationalised companies.
Current: Energy is provided by private companies which are not subject to any special regulations.
Proposed: Energy is provided by private companies which are not subject to any special regulations.
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Old value:: Gambling is illegal.
Current: Gambling is legal across the nation, no regulation whatsoever.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
|> 2,000 KAF||21%||96,960,000,000 KAF|
|> 10,000 KAF||25%||113,931,000,000 KAF|
|> 18,000 KAF||27%||92,093,000,000 KAF|
|> 25,000 KAF||35%||232,349,000,000 KAF|
|> 50,000 KAF||35%||90,019,000,000 KAF|
|> 80,000 KAF||50%||48,521,000,000 KAF||Total||673,873,000,000 KAF|
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