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Bill: Income tax proposal of April 4158
Details
Submitted by[?]: The new order / Yeni düzen
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 4158
Description[?]:
The The new order / Yeni düzen propose to adjust the government's income tax policy to better address the economic situation of the al-Jakania al-Razama (Razamid Jakania). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 20
Proposed: 20
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 20
Proposed: 25
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 |
> 12,500 JAK | 10% | 160,006,000,000 JAK |
> 50,000 JAK | 22% | 148,104,000,000 JAK |
> 100,000 JAK | 35% | 55,890,000,000 JAK |
> 150,000 JAK | 30% | 3,752,000,000 JAK | Total | 367,752,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes | Total Seats: 120 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
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