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Bill: Income tax proposal of April 3935
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: December 3935
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 | 4% | 11,557,000,000 JAK |
| > 20,000 JAK | 9% | 25,113,000,000 JAK |
| > 25,000 JAK | 11% | 48,873,000,000 JAK |
| > 35,000 JAK | 18% | 30,459,000,000 JAK |
| > 40,000 JAK | 19% | 52,290,000,000 JAK |
| > 50,000 JAK | 23% | 46,873,000,000 JAK |
| > 60,000 JAK | 30% | 67,588,000,000 JAK |
| > 75,000 JAK | 40% | 97,981,000,000 JAK |
| > 100,000 JAK | 51% | 81,428,000,000 JAK |
| > 150,000 JAK | 52% | 6,488,000,000 JAK | Total | 468,650,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 360 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Players using inactive accounts and/or accounts from outside nations may only propose bills and/or contribute to discussions, whether IC (in-character) or OOC (out-of-character) with the general consent of the players in the nation. |
| Random quote: "A people that values its privileges above its principles soon loses both." - Dwight D. Eisenhower |