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Bill: Income tax proposal of June 3929
Details
Submitted by[?]: Independent Progressive 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 3930
Description[?]:
| The Independent Progressive Party propose to adjust the government's income tax policy to better address the economic situation of the Al-Jumhūrīyah Jakania (Republic of Jakania). |
Proposals
Article 1
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 |
| > 15,000 JAK | 5% | 14,457,000,000 JAK |
| > 20,000 JAK | 10% | 27,926,000,000 JAK |
| > 25,000 JAK | 13% | 57,800,000,000 JAK |
| > 35,000 JAK | 20% | 33,861,000,000 JAK |
| > 40,000 JAK | 21% | 57,821,000,000 JAK |
| > 50,000 JAK | 25% | 50,977,000,000 JAK |
| > 60,000 JAK | 32% | 72,114,000,000 JAK |
| > 75,000 JAK | 42% | 102,823,000,000 JAK |
| > 100,000 JAK | 54% | 86,174,000,000 JAK |
| > 150,000 JAK | 54% | 6,745,000,000 JAK | Total | 510,698,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 350 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: In your Message Centre there is a really useful feature which allows you to subscribe to all of the bill debates in your nation. If you use that, then the "Watched Discussions" section will show you every time a new message has been posted on a bill. You can also subscribe to other pages you want to follow, such as your nation message-board, party organisations or bills outside your nation which you are interested in. |
| Random quote: "Radical left-wing ideologies must be stamped out." - Franklin McCarthy, former Solentian politician |