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Bill: Tax proposal of 2159
Details
Submitted by[?]: Sect of the Green Moon
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: June 2159
Description[?]:
| The Economic Party propose to adjust the government's tax policy to better address the economic situation of the Democratic Republic of Kafuristan. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 25
Proposed: 0.42
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 25
Proposed: 0.42
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 |
| > 3,000 KAF | 25% | 349,146,000,000 KAF |
| > 30,000 KAF | 27% | 126,982,000,000 KAF |
| > 50,000 KAF | 30% | 61,792,000,000 KAF |
| > 70,000 KAF | 35% | 39,060,000,000 KAF |
| > 100,000 KAF | 40% | 14,774,000,000 KAF | Total | 591,754,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
| Date | 04:10:10, December 03, 2005 CET | From | Old School Liberal Party | To | Debating the Tax proposal of 2159 |
| Message | That will result in an extra 34 billion KAF extra revenue which we REALLY don't need. We need to keep the money circulating in the economy so that it can grow instead of taxing it and then not spending it. |
| Date | 08:47:09, December 03, 2005 CET | From | The Raging Bull Zealots of Zidine | To | Debating the Tax proposal of 2159 |
| Message | I would perfer a flat tax of around 15. |
| Date | 19:44:51, December 03, 2005 CET | From |  Grand National Party | To | Debating the Tax proposal of 2159 |
| Message | We would like the nation to move toward a flat tax. |
| Date | 22:25:02, December 03, 2005 CET | From | Communist Party of Kafuristan | To | Debating the Tax proposal of 2159 |
| Message | We can always increase spending to match the better taxes, but I am split on this bill with the drop in luxury taxes. |
| Date | 23:26:29, December 03, 2005 CET | From | Old School Liberal Party | To | Debating the Tax proposal of 2159 |
| Message | This bill is now made worse. I mean, come on, what's a 1.42% sales tax? |
| Date | 01:54:55, December 04, 2005 CET | From | Sect of the Green Moon | To | Debating the Tax proposal of 2159 |
| Message | The people have the right to spend as much as they spend(with little to stop them), but what they earn shall be taxed. Afterall, this encourages people to spend money and jumpstart the economy, instead of being encoraged to keep their money and not spend. Making the taxes the same cuts loopholes such as: I'm selling cars to people who will donate them to charitable organizations. |
| Date | 06:32:47, December 04, 2005 CET | From | Old School Liberal Party | To | Debating the Tax proposal of 2159 |
| Message | Ummm... there are no loopholes. It's very clear what is and is not an essential good. I mean, we DO have people writing these things in detail. Hell, we've probably a specific definition for every single variation of every product sold in Kafuristan. |
| Date | 11:45:46, December 04, 2005 CET | From | The Raging Bull Zealots of Zidine | To | Debating the Tax proposal of 2159 |
| Message | Thats techniqly incorrect, as far as economics is concered if people dont spend, they save at banks and the such who they loan to firms who then invest in new production, more workers stuff stuff. And thats not a loophole. Or I dont get it. |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 92 | ||||||
| no |
Total Seats: 208 | ||||||
| abstain | Total Seats: 0 |
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