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Bill: DPP Tax Reform
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 not pass any sooner than the deadline.
Voting deadline: December 4062
Description[?]:
| Proposed by Qaaid Noori, Finance Minister. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 10
Proposed: 0
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 30
Current: 20
Proposed: 22
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 12
Current: 20
Proposed: 6
Article 4
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 |
| > 15,000 JAK | 8% | 23,111,000,000 JAK |
| > 20,000 JAK | 15% | 108,481,000,000 JAK |
| > 35,000 JAK | 35% | 326,106,000,000 JAK |
| > 80,000 JAK | 55% | 157,622,000,000 JAK |
| > 120,000 JAK | 60% | 43,009,000,000 JAK | Total | 658,329,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 11:55:41, July 21, 2016 CET | From | Democratic Populist Party (DPP) | To | Debating the DPP Tax Reform |
| Message | We hope for meaningful input on this. The tax problem needs to be resolved as quickly as possible and we hope to push it on to vote if the PP will agree. This wolud allow 50,000,000,000 for taxes alone to be used to increase the budget. With another 22,000,000,000 generated from corporations. Add the other 32,000,000,000 that's a total of 109,000,000,000 JAK that can be used to increase the budget. Lyla Burch DPP Leader |
| Date | 11:58:23, July 21, 2016 CET | From | Democratic Populist Party (DPP) | To | Debating the DPP Tax Reform |
| Message | Pushing on to a vote. Let's start improving Jakania. Lyla Burch DPP Leader |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 500 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
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| Random quote: "A Bill of Rights that means what the majority wants it to mean is worthless." - Antonin Scalia |