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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: 10
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% | 16,193,000,000 KAF |
| > 5,000 KAF | 10% | 28,916,000,000 KAF |
| > 10,000 KAF | 13% | 37,591,000,000 KAF |
| > 15,000 KAF | 16% | 43,679,000,000 KAF |
| > 20,000 KAF | 19% | 44,896,000,000 KAF |
| > 25,000 KAF | 22% | 42,803,000,000 KAF |
| > 30,000 KAF | 25% | 38,972,000,000 KAF |
| > 35,000 KAF | 28% | 35,249,000,000 KAF |
| > 40,000 KAF | 31% | 32,566,000,000 KAF |
| > 45,000 KAF | 34% | 28,447,000,000 KAF |
| > 50,000 KAF | 37% | 24,179,000,000 KAF |
| > 55,000 KAF | 40% | 22,360,000,000 KAF |
| > 60,000 KAF | 43% | 20,101,000,000 KAF |
| > 65,000 KAF | 46% | 17,462,000,000 KAF |
| > 70,000 KAF | 50% | 14,038,000,000 KAF |
| > 75,000 KAF | 52% | 12,146,000,000 KAF |
| > 80,000 KAF | 55% | 53,320,000,000 KAF | Total | 512,918,000,000 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: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "I do not believe in the creed professed by the Jewish church, by the Roman church, by the Greek church, by the Turkish church, by the Protestant church, nor by any church that I know of. My own mind is my own church." - Thomas Paine |