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Bill: Income tax proposal of March 3286
Details
Submitted by[?]: Socialist Party of Keymon
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: November 3286
Description[?]:
| "The Socialist Coalition propose to adjust the government's income tax policy to better address the economic situation of the Supreme Imperial Republic of Keymon. We desire a more progressive and steep taxation system. On behalf of all four parties in the SocCo I propose this bill, and I'm ready to face any eventual questions or criticism from the Congress" - Jacob Faar, Minister of Finance |
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 |
| > 1,000 KED | 13% | 5,947,000,000 KED |
| > 5,000 KED | 17% | 7,875,000,000 KED |
| > 10,000 KED | 34% | 8,319,000,000 KED |
| > 15,000 KED | 50% | 15,837,000,000 KED | Total | 37,978,000,000 KED |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 216 | ||||
| no | Total Seats: 14 | ||||
| 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: "The answer to global warming is in the abolition of private property and production for human need. A socialist world would place an enormous priority on alternative energy sources. This is what ecologically-minded socialists have been exploring for quite some time now." - Louis Proyect |