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Bill: Income Tax Proposal of 3481
Details
Submitted by[?]: Democratic Communist Party (DCP) (LL)
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: January 3482
Description[?]:
| The Democratic Communist Party (DCP) (LL) propose to adjust the government's income tax policy to better address the economic situation of the Socialist Republic of Ikradon. |
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 |
| > 24,000 IKD | 8% | 38,778,000,000 IKD |
| > 36,000 IKD | 22% | 78,557,000,000 IKD |
| > 48,000 IKD | 45% | 227,332,000,000 IKD |
| > 72,000 IKD | 85% | 268,993,000,000 IKD |
| > 96,000 IKD | 92% | 86,696,000,000 IKD |
| > 110,000 IKD | 99% | 70,173,000,000 IKD | Total | 770,529,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:24:18, May 06, 2013 CET | From |  Conservative Party of Ikradon | To | Debating the Income Tax Proposal of 3481 |
| Message | Still way too much tax and at unjust levels. Someone earning 110,000 will only be allowed to keep 1,100? Talk about poverty. |
| Date | 22:01:54, May 06, 2013 CET | From | Democratic Communist Party (DCP) (LL) | To | Debating the Income Tax Proposal of 3481 |
| Message | Um no, so, you need to understand that this is progressive, that person would keep all of the first 24,000, 92 percent of the next 12, 78 percent of the next 12, 55 percent of the next 14, 15 percent of the next 24, 8 percent of the next 14, and 1 percent on anything past that last threshold. |
| Date | 01:19:01, May 07, 2013 CET | From | SCI Libertarian-Socialist Syndicate (LL) | To | Debating the Income Tax Proposal of 3481 |
| Message | https://en.wikipedia.org/wiki/Progressive_tax#Increasing_percentage_rates |
| Date | 01:39:11, May 07, 2013 CET | From | Conservative Party of Ikradon | To | Debating the Income Tax Proposal of 3481 |
| Message | You're still robbing massive amounts of money from people, tax isn't as high as this in most other countries. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 449 | |||||
| no |
Total Seats: 301 | |||||
| abstain |
Total Seats: 0 |
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