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Bill: Income tax proposal of November 4061
Details
Submitted by[?]: Liberal Democrat Party
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: July 4062
Description[?]:
| The Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the People's Republic of Keymon. Once Passed the conservative party will lower business tax rates. This bill removed tax bracket for poorest. reduced taxes significantly. some by 10%. And created new bracket for richest in society |
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 |
| > 1,000 KED | 40% | 52,816,000,000 KED |
| > 20,000 KED | 45% | 5,908,000,000 KED |
| > 30,000 KED | 50% | 1,721,000,000 KED | Total | 60,445,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 15:17:01, July 20, 2016 CET | From | Liberal Democrat Party | To | Debating the Income tax proposal of November 4061 |
| Message | cant understand why people would vote against this bill, we still have a surplus. amd tax rates are reduced for everyone even for those in the top brakcet |
| Date | 21:47:04, July 20, 2016 CET | From | Progressive Party | To | Debating the Income tax proposal of November 4061 |
| Message | Tax rates are increased for people running on under 100 KED (it used to be 25%) |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 239 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 111 |
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