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Bill: The Establishment of the Kalistani Progressive Tax Program
Details
Submitted by[?]: Socialist Party of Kalistan (SPoK)
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: January 3934
Description[?]:
| This tax Bill features a linear progressive income tax. We begin by ensuring that all people pay into the system. The Lowest Bracket, 1-16999, pays only 1% flat tax rate. From 17000 to 35000, the rate is 2%, then to 70000, the tax rate is 4%, and then to 140,000, the rate is 8%, then to 280,000 the tax rate is 16%, and then above that line, the rate is 32%. We have also included a significant decrease in luxury and corporate taxes, and we leave the sales tax at 0. Once we determine the amount of money we have to spend, we will then offer a spending bill which is balanced, and maintains a small surplus, and will focus heavily on social spending. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 1
Proposed: 9
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 18
Current: 10
Proposed: 14
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 |
| > 1 KRB | 1% | 9,629,000,000 KRB |
| > 17,000 KRB | 2% | 20,392,000,000 KRB |
| > 35,000 KRB | 4% | 78,525,000,000 KRB |
| > 70,000 KRB | 8% | 216,436,000,000 KRB |
| > 140,000 KRB | 16% | 239,533,000,000 KRB |
| > 280,000 KRB | 32% | 55,373,000,000 KRB | Total | 619,888,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 02:05:49, November 06, 2015 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the The Establishment of the Kalistani Progressive Tax Program |
| Message | This proposal will yield about 958.45 Billion rubles of revenue. We will propose the spending bill based on that number. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 750 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "It is said, 'Pontesi is Jelbic in nature'. But I tell you, they are really a lost tribe of Selucians, forced to become barbarians by their savage Jelbic conquerors." - Alamar Xarfaxis, former Pontesian politician |