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Bill: Income tax proposal of May 4298
Details
Submitted by[?]: National Unity Party(NUP)
Status[?]: defeated
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: January 4299
Description[?]:
| The Kalistan National Party(KNP) propose to adjust the government's income tax policy to better address the economic situation of the United Republic of Kalistan. |
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 |
| > 1,000 KRB | 4% | 2,269,000,000 KRB |
| > 2,000 KRB | 5% | 2,836,000,000 KRB |
| > 3,000 KRB | 6% | 6,807,000,000 KRB |
| > 5,000 KRB | 7% | 7,942,000,000 KRB |
| > 7,000 KRB | 8% | 13,614,000,000 KRB |
| > 10,000 KRB | 10% | 85,090,000,000 KRB |
| > 25,000 KRB | 12% | 170,179,000,000 KRB |
| > 50,000 KRB | 14% | 191,086,000,000 KRB |
| > 75,000 KRB | 15% | 170,232,000,000 KRB |
| > 100,000 KRB | 20% | 310,189,000,000 KRB |
| > 150,000 KRB | 25% | 190,274,000,000 KRB |
| > 200,000 KRB | 30% | 115,509,000,000 KRB |
| > 250,000 KRB | 32% | 60,090,000,000 KRB |
| > 300,000 KRB | 35% | 19,822,000,000 KRB |
| > 350,000 KRB | 37% | 10,098,000,000 KRB |
| > 400,000 KRB | 40% | 10,917,000,000 KRB |
| > 450,000 KRB | 45% | 477,000,000 KRB | Total | 1,367,431,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 22:20:12, November 05, 2017 CET | From | Peace and Prosperity Party | To | Debating the Income tax proposal of May 4298 |
| Message | "Do you want to bankrupt this great nation?" Minister of Finance, Katy Winrow. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 0 | |||||
| no | Total Seats: 750 | |||||
| abstain |
Total Seats: 0 |
| Random fact: Real life-life nationalities, cultures or ethnicities should not be referenced in Particracy (eg. "German"). |
| Random quote: "Democrats always assure us that deterrence will work, but when the time comes to deter, they're against it. " - Ann Coulter |