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Bill: Income tax proposal of November 4067
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 4068
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. This bill further demonstrates the conservative careful fiscal policy seeing a drop in tax for all, the re-introduction of the lower bracket meaning people on limited incomes pay less tax than before. Current policy Income Taxes Bracket[?] Tax Revenue[?] > 1,000 KED 40% 52,710,974,012 KED > 20,000 KED 45% 5,896,279,046 KED > 30,000 KED 50% 1,717,462,825 KED We would keep a surplus if this is passed |
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 |
| > 250 KED | 20% | 1,720,000,000 KED |
| > 1,000 KED | 37% | 48,847,000,000 KED |
| > 20,000 KED | 43% | 5,645,000,000 KED |
| > 30,000 KED | 47% | 1,617,000,000 KED | Total | 57,829,000,000 KED |
Debate
These messages have been posted to debate on this bill:
| Date | 12:32:00, August 01, 2016 CET | From | Liberal Democrat Party | To | Debating the Income tax proposal of November 4067 |
| Message | My eventual aim will be to increase the lower bracket to 500KED. and for those earning under 100KED people will pay no tax |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 247 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 153 |
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