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Bill: Progressive Tax Reform of May 3320
Details
Submitted by[?]: Imperial National Party
Status[?]: defeated
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: July 3321
Description[?]:
| The goal of this tax reform bill is to fix our nation and bring back a good surplus! Now we have great health and social services, so this will all even out. -John Ford Gerald Leader of the INP in the Supreme Congress |
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 | 10% | 1,720,000,000 KED |
| > 2,500 KED | 15% | 4,299,000,000 KED |
| > 5,000 KED | 20% | 5,343,000,000 KED |
| > 7,500 KED | 30% | 5,918,000,000 KED |
| > 10,000 KED | 35% | 4,679,000,000 KED |
| > 12,500 KED | 40% | 4,465,000,000 KED |
| > 15,000 KED | 45% | 3,869,000,000 KED |
| > 17,500 KED | 50% | 3,294,000,000 KED |
| > 20,000 KED | 63% | 10,438,000,000 KED | Total | 44,025,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 06:19:00, June 17, 2012 CET | From | Keymon Utilitarian Institute | To | Debating the Progressive Tax Reform of May 3320 |
| Message | Yes! As said earlier, higher taxes are essential to equalizing opportunity and wealth. I urge the Congress to vote yes! Marilyn Smith, Economics Spokeswoman for the KUI |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 32 | |||
| no | Total Seats: 198 | |||
| abstain |
Total Seats: 0 |
| Random fact: The influence a bill has on elections decreases over time, until it eventually is no longer relevant. This can explain shifts in your party's position to the electorate and your visibility. |
| Random quote: "I swear to the Lord I still can't see Why Democracy means Everybody but me." - Langston Hughes, The Black Man Speaks |