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Bill: Income tax proposal of October 3598
Details
Submitted by[?]: Kizenian Liberal 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: December 3599
Description[?]:
| The Kizenian Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Confederatio Novus Endralonus, Kizeniae et Kuzaki (New Endralon). Current Revenue : 967,517,053,124 NED Estimated Revenue after this law : 1,050,000,000,000 - 1,070,000,000,000 NED -> Income Tax : 400-410 billions -> Essential Goods : 55-57 billions -> Luxury : 525-528 billions -> Corporation : 70-75 billions |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 0
Proposed: 24
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 8
Current: 0
Proposed: 2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 0
Proposed: 28
Article 4
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 NED | 4% | 110,562,000,000 NED |
| > 60,000 NED | 8% | 165,291,000,000 NED |
| > 150,000 NED | 12% | 112,770,000,000 NED |
| > 300,000 NED | 16% | 21,310,000,000 NED | Total | 409,933,000,000 NED |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 276 | |||
| no | Total Seats: 174 | |||
| abstain | Total Seats: 0 |
| Random fact: In cases where a party has no seat, the default presumption should be that the party is able to contribute to debates in the legislature due to one of its members winning a seat at a by-election. However, players may collectively improvise arrangements of their own to provide a satisfying explanation for how parties with no seats in the legislature can speak and vote there. |
| Random quote: "Remember that government doesn't earn one single dollar it spends. In order for you to get money from the government, that money must first be taken from somebody else." - Governor Jesse Ventura |