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Bill: Income tax proposal of January 3735
Details
Submitted by[?]: Kirlawan People's Justice 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 3735
Description[?]:
| The Kirlawan People's Justice Party propose to adjust the government's income tax policy to better address the economic situation of the Republic of Kirlawa. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 40
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 35
Current: 31
Proposed: 40
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 |
| > 100,000 KDI | 10% | 502,899,000,000 KDI |
| > 200,000 KDI | 20% | 643,338,000,000 KDI |
| > 300,000 KDI | 30% | 571,812,000,000 KDI |
| > 400,000 KDI | 40% | 563,862,000,000 KDI |
| > 500,000 KDI | 50% | 417,587,000,000 KDI |
| > 600,000 KDI | 60% | 210,792,000,000 KDI |
| > 700,000 KDI | 70% | 144,878,000,000 KDI |
| > 800,000 KDI | 80% | 51,707,000,000 KDI |
| > 900,000 KDI | 90% | 2,081,000,000 KDI | Total | 3,108,956,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
| Date | 21:01:02, September 28, 2014 CET | From | Kirlawan People's Justice Party | To | Debating the Income tax proposal of January 3735 |
| Message | Requesting to restore Kirlawa's previous income tax schedule please; this, along with the other two taxes here, to pay for restoring our budget in the accompanying bill http://classic.particracy.net/viewbill.php?billid=418444 Subsequent minor adjustments might be needed, if this leaves us with a deficit, but it should be close. |
| Date | 12:00:10, October 02, 2014 CET | From | Kirlawan People's Justice Party | To | Debating the Income tax proposal of January 3735 |
| Message | Thank you Green Party! :) |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 420 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 297 |
| Random fact: Whilst the use of non-English languages can be appropriate for nation names, party names, constitutional titles and other variables, English is the official language of communication in the game. All descriptive texts and public communications should be in English or at least appear alongside a full English translation. |
| Random quote: "A fanatic is one who can't change his mind and won't change the subject." - Winston Churchill |