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Bill: Tax Reform of 2160
Details
Submitted by[?]: Sect of the Green Moon
Status[?]: defeated
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: August 2159
Description[?]:
| The Economic Party propose to adjust the government's tax policy to better address the economic situation of the Democratic Republic of Kafuristan. Afterall, we got to reduce the sales tax, we got a surplus. Plus, my new income tax plan simplifies things AND increases government revenue. |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 8
Current: 25
Proposed: 6
Article 2
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 |
| > 4,500 KAF | 25% | 524,447,000,000 KAF |
| > 100,000 KAF | 35% | 12,928,000,000 KAF | Total | 537,375,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes | Total Seats: 136 | ||||
| no |
Total Seats: 83 | ||||
| abstain | Total Seats: 81 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "We're the first society in history with the option of living in a world without poverty. The fact poverty still exist says more about our political leaders than I can." - Clint Borgen |