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Bill: Income tax proposal of December 4005
Details
Submitted by[?]: Militarist Party of Kanjor
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: August 4006
Description[?]:
| The Militarist Party of Kanjor propose to adjust the government's income tax policy to better address the economic situation of the Kanjor. |
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 |
| > 5,000 KRP | 5% | 14,390,000,000 KRP |
| > 10,000 KRP | 20% | 99,686,000,000 KRP |
| > 20,000 KRP | 30% | 81,087,000,000 KRP |
| > 30,000 KRP | 40% | 50,602,000,000 KRP |
| > 40,000 KRP | 50% | 34,801,000,000 KRP |
| > 50,000 KRP | 55% | 33,237,000,000 KRP |
| > 70,000 KRP | 60% | 16,850,000,000 KRP | Total | 330,653,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 614 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 136 |
| Random fact: Jelbic = "Group of cultures with an overall Central Asian/Eurasian steppe theme, using a fictional language developed specifically for Particracy". |
| Random quote: "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes |