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Bill: Imperial National Party Less Tax More Action Act of February 3352
Details
Submitted by[?]: Imperial National Party
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: October 3352
Description[?]:
| Since we have a new budget and expenses are being cut, we see no problem with lifting the burden of heavy taxes on our people. So this Proposal should hopefully relieve the people for the time being. --------------------------- The Imperial National Party propose to adjust the government's income tax policy to better address the economic situation of the Supreme Imperial Republic of Keymon. |
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 | 3% | 515,000,000 KED |
| > 2,500 KED | 5% | 1,430,000,000 KED |
| > 5,000 KED | 12% | 3,199,000,000 KED |
| > 7,500 KED | 20% | 3,936,000,000 KED |
| > 10,000 KED | 26% | 3,468,000,000 KED |
| > 12,500 KED | 33% | 3,675,000,000 KED |
| > 15,000 KED | 40% | 3,432,000,000 KED |
| > 17,500 KED | 42% | 2,761,000,000 KED |
| > 20,000 KED | 46% | 7,604,000,000 KED | Total | 30,020,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 11:36:09, August 19, 2012 CET | From |  Individualistic Movement | To | Debating the Imperial National Party Less Tax More Action Act of February 3352 |
| Message | "Actually... i couldn't have done better" - Irina Neumannova, Finance-Minister |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 144 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 86 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "When anger rises, think of the consequences." - Confucius |