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Bill: Income tax proposal of July 4059
Details
Submitted by[?]: The People's Party (TPP)
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: June 4060
Description[?]:
| The The People's Party (TPP) propose to adjust the government's income tax policy to better address the economic situation of the Republic of Jakania. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 10
Proposed: 5
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 20
Proposed: 30
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 |
| > 5,000 JAK | 12% | 34,683,000,000 JAK |
| > 10,000 JAK | 20% | 115,609,000,000 JAK |
| > 20,000 JAK | 35% | 253,256,000,000 JAK |
| > 35,000 JAK | 40% | 177,793,000,000 JAK |
| > 50,000 JAK | 55% | 112,108,000,000 JAK |
| > 60,000 JAK | 70% | 449,455,000,000 JAK | Total | 1,142,904,000,000 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 |
| Random fact: Real life-life nationalities, cultures or ethnicities should not be referenced in Particracy (eg. "German"). |
| Random quote: "When we're unemployed, we're called lazy; when the whites are unemployed it's called a depression." - Jesse Jackson |