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Bill: Income Tax Reductions
Details
Submitted by[?]: Democratic Populist Party (DPP)
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 4055
Description[?]:
| Proposed by Carlos Everton, April 4055. |
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 JAK | 5% | 14,477,000,000 JAK |
| > 10,000 JAK | 10% | 57,909,000,000 JAK |
| > 20,000 JAK | 25% | 181,214,000,000 JAK |
| > 35,000 JAK | 35% | 155,852,000,000 JAK |
| > 50,000 JAK | 48% | 98,016,000,000 JAK |
| > 60,000 JAK | 60% | 170,784,000,000 JAK |
| > 80,000 JAK | 68% | 244,122,000,000 JAK | Total | 922,374,000,000 JAK |
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 |
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