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Bill: Income tax proposal of August 3941
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: April 3942
Description[?]:
| The Chann Liberation Army (CLA) propose to adjust the government's income tax policy to better address the economic situation of the Chann Republic of Kafuristan. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 25
Proposed: 90
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 25
Proposed: 50
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 |
| > 1,000 KAF | 7% | 16,153,000,000 KAF |
| > 5,000 KAF | 10% | 28,844,000,000 KAF |
| > 10,000 KAF | 13% | 37,497,000,000 KAF |
| > 15,000 KAF | 16% | 43,565,000,000 KAF |
| > 20,000 KAF | 19% | 44,776,000,000 KAF |
| > 25,000 KAF | 22% | 42,678,000,000 KAF |
| > 30,000 KAF | 25% | 38,857,000,000 KAF |
| > 35,000 KAF | 28% | 35,164,000,000 KAF |
| > 40,000 KAF | 31% | 32,487,000,000 KAF |
| > 45,000 KAF | 34% | 28,377,000,000 KAF |
| > 50,000 KAF | 37% | 24,133,000,000 KAF |
| > 55,000 KAF | 40% | 22,326,000,000 KAF |
| > 60,000 KAF | 43% | 20,069,000,000 KAF |
| > 65,000 KAF | 46% | 17,439,000,000 KAF |
| > 70,000 KAF | 50% | 14,031,000,000 KAF |
| > 75,000 KAF | 52% | 12,147,000,000 KAF |
| > 80,000 KAF | 55% | 53,377,000,000 KAF | Total | 511,920,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 100 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: It is forbidden to impersonate a player or Moderator. |
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