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Bill: Income tax proposal of May 3605
Details
Submitted by[?]: Kizenian Liberal Party
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: February 3606
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). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 0
Proposed: 21
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 0
Proposed: 9
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 |
> 10,000 NED | 2% | 55,191,000,000 NED |
> 60,000 NED | 5% | 103,105,000,000 NED |
> 150,000 NED | 10% | 93,816,000,000 NED |
> 300,000 NED | 15% | 19,960,000,000 NED | Total | 272,072,000,000 NED |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 145 | ||
no | Total Seats: 116 | ||
abstain | Total Seats: 189 |
Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
Random quote: "The only place where democracy comes before work is in the dictionary." - Ralph Nader |