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Bill: Revised Tax Resolution of 4185
Details
Submitted by[?]: New Democrats
Status[?]: defeated
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 4186
Description[?]:
| I am pleased to announce the government's new plan for taxes going forward. - Tax brackets left unchanged - Top tax bracket pays 5% increase - Second-highest bracket pays 5% increase - Third-highest bracket pays 5% increase - Corporate tax lowered 10% - This tax plan, combined with our budget, keeps the government with a comfortable maintained surplus. It also lowers the corporate tax, a tax that is eventually passed onto consumers at point of sale, while raising taxes on the uber-wealthy to make up for the lost revenue and to not raise the level of income inequality. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 1
Proposed: 5
Article 2
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 KRB | 1% | 11,348,000,000 KRB |
| > 20,000 KRB | 2% | 9,079,000,000 KRB |
| > 28,000 KRB | 3% | 13,618,000,000 KRB |
| > 36,000 KRB | 4% | 27,236,000,000 KRB |
| > 48,000 KRB | 5% | 22,696,000,000 KRB |
| > 56,000 KRB | 6% | 52,576,000,000 KRB |
| > 72,000 KRB | 8% | 67,728,000,000 KRB |
| > 90,000 KRB | 10% | 76,383,000,000 KRB |
| > 108,000 KRB | 15% | 163,778,000,000 KRB |
| > 144,000 KRB | 20% | 129,563,000,000 KRB |
| > 180,000 KRB | 30% | 126,855,000,000 KRB |
| > 216,000 KRB | 40% | 144,825,000,000 KRB |
| > 288,000 KRB | 50% | 73,221,000,000 KRB | Total | 918,906,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 329 | ||||
| no |
Total Seats: 255 | ||||
| abstain | Total Seats: 166 |
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