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Bill: Income tax proposal of April 3931
Details
Submitted by[?]: Chann National Party (CNP)
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 3931
Description[?]:
The Chann Liberation Army (CLA) propose to adjust the government's income tax policy to better address the economic situation of the Jumhuriyyat al-Qalb al-Ma'atraniyyah (Kafuristan). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 25
Proposed: 35
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 10
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 25
Proposed: 25
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 |
> 1,000 KAF | 5% | 11,580,000,000 KAF |
> 5,000 KAF | 8% | 23,160,000,000 KAF |
> 10,000 KAF | 11% | 31,845,000,000 KAF |
> 15,000 KAF | 14% | 38,266,000,000 KAF |
> 20,000 KAF | 17% | 40,219,000,000 KAF |
> 25,000 KAF | 20% | 38,961,000,000 KAF |
> 30,000 KAF | 23% | 35,901,000,000 KAF |
> 35,000 KAF | 26% | 32,780,000,000 KAF |
> 40,000 KAF | 29% | 30,516,000,000 KAF |
> 45,000 KAF | 32% | 26,820,000,000 KAF |
> 50,000 KAF | 35% | 22,910,000,000 KAF |
> 55,000 KAF | 38% | 21,278,000,000 KAF |
> 60,000 KAF | 41% | 19,196,000,000 KAF |
> 65,000 KAF | 44% | 16,733,000,000 KAF |
> 70,000 KAF | 47% | 13,224,000,000 KAF |
> 75,000 KAF | 50% | 11,703,000,000 KAF |
> 80,000 KAF | 53% | 51,486,000,000 KAF | Total | 466,578,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 240 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
Random quote: "Politics is the system of depriving the proletariat of their power." - Karl Marx |