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Bill: Income tax proposal of October 4307
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: June 4308
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 | 5% | 11,359,000,000 KRB |
| > 5,000 KRB | 7% | 19,878,000,000 KRB |
| > 10,000 KRB | 10% | 85,193,000,000 KRB |
| > 25,000 KRB | 15% | 212,982,000,000 KRB |
| > 50,000 KRB | 20% | 273,307,000,000 KRB |
| > 75,000 KRB | 25% | 284,067,000,000 KRB |
| > 100,000 KRB | 30% | 465,803,000,000 KRB |
| > 150,000 KRB | 40% | 304,684,000,000 KRB |
| > 200,000 KRB | 50% | 286,616,000,000 KRB |
| > 300,000 KRB | 55% | 31,225,000,000 KRB |
| > 350,000 KRB | 60% | 16,431,000,000 KRB |
| > 400,000 KRB | 65% | 17,800,000,000 KRB |
| > 450,000 KRB | 70% | 745,000,000 KRB | Total | 2,010,090,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 19:46:56, November 24, 2017 CET | From | National Unity Party(NUP) | To | Debating the Income tax proposal of October 4307 |
| Message | Fix imbalances.. |
| Date | 20:09:50, November 24, 2017 CET | From | Peace and Prosperity Party | To | Debating the Income tax proposal of October 4307 |
| Message | “Why the random percentage intervals?” Shadow Minister of Finance, Katy Winrow. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 129 | |||
| no |
Total Seats: 246 | |||
| abstain |
Total Seats: 125 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "It only takes 20 years for a liberal to become a conservative without changing a single idea." - Robert Anton Wilson |