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Bill: Income tax proposal of February 3604
Details
Submitted by[?]: Kundratek Alderdath Komunistati
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: November 3604
Description[?]:
| The Kundratek Alderdath Komunistati propose to adjust the government's income tax policy to better address the economic situation of the Kundrati Union. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 50
Proposed: 60
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 4
Current: 50
Proposed: 10
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 |
| > 18,650 KUN | 10% | 102,195,000,000 KUN |
| > 37,300 KUN | 15% | 111,045,000,000 KUN |
| > 55,950 KUN | 25% | 118,496,000,000 KUN |
| > 74,600 KUN | 40% | 202,309,000,000 KUN |
| > 111,900 KUN | 50% | 78,139,000,000 KUN |
| > 149,200 KUN | 65% | 87,488,000,000 KUN | Total | 699,672,000,000 KUN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 750 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Particracy allows you to establish an unelected head of state like a monarch or a president-for-life, but doing this is a bit of a process. First elect a candidate with the name "." to the Head of State position. Then change your law on the "Structure of the executive branch" to "The head of state is hereditary and symbolic; the head of government chairs the cabinet" and change the "formal title of the head of state" to how you want the new head of state's title and name to appear (eg. King Percy XVI). |
| Random quote: "Politics is not a bad profession. If you succeed there are many rewards, if you disgrace yourself, you can always write a book." - Ronald Reagan |