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Bill: Malthe's Tax Reforms of September 3280
Details
Submitted by[?]: Bondepartiet
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: May 3281
Description[?]:
| The Bondepartiet propose to adjust the government's income tax policy to better address the economic situation of the Principality of Kazulia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 49
Current: 25
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 20
Proposed: 20
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 |
| > 5,000 KKR | 25% | 73,833,000,000 KKR |
| > 10,000 KKR | 30% | 88,271,000,000 KKR |
| > 15,000 KKR | 35% | 71,201,000,000 KKR |
| > 20,000 KKR | 40% | 59,329,000,000 KKR |
| > 25,000 KKR | 45% | 53,583,000,000 KKR |
| > 30,000 KKR | 50% | 230,239,000,000 KKR | Total | 576,456,000,000 KKR |
Debate
These messages have been posted to debate on this bill:
| Date | 15:33:17, March 29, 2012 CET | From | Bondepartiet | To | Debating the Malthe's Tax Reforms of September 3280 |
| Message | Dear colleagues of the Cabinet, Honorable members of the Diet, I present you today my plans for the financials reforms of Kazulia. This bill discusses the tax proposals I have made, based on a clear evaluation of our economy. The government currently takes over 60% of our country's GDP. This has created an unhealthy situation and certain overspending is noted. Our revenue at the moment stands at 1,084,684,604,035 KKR. This proposal will lower that to approximately 640,000,000,000 KKR. I hope to further decrease the government's slice of our economy to 40% of GDP. Please consider this a first step of my reforms. This proposal includes: 1) A clearer progressive tax system with substantial tax cuts for both the lower classes and the entrepreneurial class. 2) A cutting in half of the taxes on profits. They are now equal to the lowest income tax bracket. 3) A decrease of the tax on luxury goods. I strongly believe these measures will enable consumers to buy more goods, that they will promote the industries, and be welcomed by the people's representatives. Kind regards, Natassia MALTHE Minister of Finance |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 560 | ||
| no | Total Seats: 175 | ||
| abstain | Total Seats: 0 |
| Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
| Random quote: "Who are the militia? Are they not ourselves? Is it feared, then, that we shall turn our arms each man gainst his own bosom. Congress have no power to disarm the militia. Their swords, and every other terrible implement of the soldier, are the birthright of an American...[T]he unlimited power of the sword is not in the hands of either the federal or state governments, but, where I trust in God it will ever remain, in the hands of the people." - Tenche Coxe |