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Bill: Income tax proposal of January 4276
Details
Submitted by[?]: Partia e Kurorës Sovrane
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: September 4276
Description[?]:
| The Kalliopi Loyalist Alliance propose to adjust the government's income tax policy to better address the economic situation of the Central Majatran Confederation (Kalopia). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 15
Proposed: 16
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 3
Proposed: 2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 12
Proposed: 4
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 |
| > 16,000 WAN | 1% | 4,591,000,000 WAN |
| > 24,000 WAN | 2% | 8,882,000,000 WAN |
| > 32,000 WAN | 3% | 11,946,000,000 WAN |
| > 40,000 WAN | 4% | 13,778,000,000 WAN |
| > 48,000 WAN | 5% | 14,548,000,000 WAN |
| > 56,000 WAN | 6% | 15,357,000,000 WAN |
| > 64,000 WAN | 7% | 14,788,000,000 WAN |
| > 72,000 WAN | 8% | 14,734,000,000 WAN |
| > 80,000 WAN | 9% | 13,551,000,000 WAN |
| > 88,000 WAN | 10% | 12,675,000,000 WAN |
| > 96,000 WAN | 11% | 10,570,000,000 WAN |
| > 104,000 WAN | 12% | 9,439,000,000 WAN |
| > 112,000 WAN | 13% | 9,387,000,000 WAN |
| > 120,000 WAN | 14% | 7,641,000,000 WAN |
| > 128,000 WAN | 15% | 7,057,000,000 WAN |
| > 136,000 WAN | 16% | 5,824,000,000 WAN |
| > 144,000 WAN | 17% | 5,286,000,000 WAN |
| > 152,000 WAN | 18% | 3,911,000,000 WAN |
| > 160,000 WAN | 19% | 3,490,000,000 WAN |
| > 168,000 WAN | 20% | 3,674,000,000 WAN |
| > 176,000 WAN | 21% | 2,627,000,000 WAN |
| > 184,000 WAN | 22% | 2,015,000,000 WAN |
| > 192,000 WAN | 23% | 2,106,000,000 WAN |
| > 200,000 WAN | 24% | 2,198,000,000 WAN |
| > 208,000 WAN | 25% | 1,417,000,000 WAN |
| > 216,000 WAN | 26% | 370,000,000 WAN |
| > 224,000 WAN | 27% | 0 WAN |
| > 232,000 WAN | 28% | 0 WAN |
| > 240,000 WAN | 29% | 0 WAN |
| > 248,000 WAN | 30% | 0 WAN | Total | 201,862,000,000 WAN |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 275 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "A son can bear with equanimity the loss of his father, but the loss of his inheritance may drive him to despair." - Niccolo Machiavelli |