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Bill: Income tax proposal of April 4287
Details
Submitted by[?]: Resistance (مناهضة)
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: December 4287
Description[?]:
Resistance (مناهضة) propose to adjust the government's income tax policy to better address the economic situation of the al-Mamlakah al-Qalbiyah al-Majaliyah (Majalite Kingdom of Kafuristan). The reforms require the richest in our society to pay a greater proportion of their income in taxation. No longer shall the grotesque sight of noblemen paying the same rate labourers and farm workers. Alongside our minimum wage legislation this marks a great victory for the working classes in Kafuristan as now low income families shall no longer be required to pay income tax at all I commend this budget to the National Assembly. Amir Ahmed, Finance Minister |
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 |
> 15,000 KAF | 10% | 70,414,000,000 KAF |
> 30,000 KAF | 15% | 42,290,000,000 KAF |
> 40,000 KAF | 20% | 37,772,000,000 KAF |
> 50,000 KAF | 25% | 30,335,000,000 KAF |
> 60,000 KAF | 35% | 29,670,000,000 KAF |
> 70,000 KAF | 45% | 39,052,000,000 KAF |
> 90,000 KAF | 50% | 30,883,000,000 KAF | Total | 280,416,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||
yes |
Total Seats: 64 | ||
no | Total Seats: 0 | ||
abstain |
Total Seats: 11 |
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