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Bill: Income tax proposal of January 3425
Details
Submitted by[?]: The Republican 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 not pass any sooner than the deadline.
Voting deadline: July 3426
Description[?]:
| The C.A.T Party propose to adjust the government's income tax policy to better address the economic situation of the Sultanate and Caliphate of Jakania. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 10
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 20
Proposed: 25
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 |
| > 10,000 JAK | 15% | 43,361,000,000 JAK |
| > 15,000 JAK | 17% | 49,142,000,000 JAK |
| > 20,000 JAK | 38% | 197,965,000,000 JAK |
| > 30,000 JAK | 38% | 141,351,000,000 JAK |
| > 40,000 JAK | 38% | 104,587,000,000 JAK |
| > 50,000 JAK | 38% | 77,455,000,000 JAK |
| > 60,000 JAK | 38% | 60,136,000,000 JAK |
| > 70,000 JAK | 38% | 47,783,000,000 JAK |
| > 80,000 JAK | 45% | 44,148,000,000 JAK |
| > 90,000 JAK | 45% | 39,584,000,000 JAK |
| > 100,000 JAK | 45% | 26,423,000,000 JAK |
| > 110,000 JAK | 65% | 27,276,000,000 JAK |
| > 120,000 JAK | 65% | 16,152,000,000 JAK |
| > 130,000 JAK | 65% | 13,978,000,000 JAK |
| > 140,000 JAK | 65% | 8,343,000,000 JAK |
| > 150,000 JAK | 70% | 8,767,000,000 JAK | Total | 906,451,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 05:35:43, January 12, 2013 CET | From | The Republican Party | To | Debating the Income tax proposal of January 3425 |
| Message | The last tax bill had some faults. This is the new one. |
| Date | 11:42:01, January 12, 2013 CET | From | Party of Jakanian Union and Progress | To | Debating the Income tax proposal of January 3425 |
| Message | WE support this bill! |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 209 | ||
| no | Total Seats: 91 | ||
| abstain | Total Seats: 0 |
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