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Bill: Income tax proposal of August 3457
Details
Submitted by[?]: Revolutionary Freedom Party -- KEG SLAM
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: April 3458
Description[?]:
| The Revolutionary Freedom Party -- KEG SLAM propose to adjust the government's income tax policy to better address the economic situation of the Free and United Country of Kalistan. |
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 |
| > 10,000 KRB | 1% | 47,700,000,000 KRB |
| > 100,000 KRB | 2% | 46,251,000,000 KRB |
| > 200,000 KRB | 4% | 22,917,000,000 KRB |
| > 300,000 KRB | 7% | 3,965,000,000 KRB |
| > 350,000 KRB | 12% | 3,276,000,000 KRB |
| > 400,000 KRB | 16% | 2,184,000,000 KRB |
| > 425,000 KRB | 17% | 2,320,000,000 KRB |
| > 450,000 KRB | 20% | 212,000,000 KRB | Total | 128,825,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 21:00:03, March 21, 2013 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of August 3457 |
| Message | We are running a deficit. We need to either increase revenues, decrease spending or both. We invite the Minister of Finance to resubmit with new revenue generating measures. We hereby call for a balanced budget, not through austerity, but through matching what we take in with what we put out. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 750 |
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