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Bill: Tax increase proposal of 4353
Details
Submitted by[?]: Milliyetçi Cumhuriyet Partisi (MCP)
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: December 4353
Description[?]:
The Milliyetçi Cumhuriyet Partisi (MCP) propose to adjust the government's income tax policy to better address the economic situation of the Cakaniye Cumhuriyeti (Jakania). |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 20
Proposed: 20
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 |
> 5,000 JAK | 5% | 14,462,000,000 JAK |
> 10,000 JAK | 10% | 17,354,000,000 JAK |
> 13,000 JAK | 15% | 39,046,000,000 JAK |
> 17,500 JAK | 25% | 105,991,000,000 JAK |
> 25,000 JAK | 30% | 133,431,000,000 JAK |
> 35,000 JAK | 35% | 155,675,000,000 JAK |
> 50,000 JAK | 40% | 144,949,000,000 JAK |
> 70,000 JAK | 43% | 96,295,000,000 JAK |
> 90,000 JAK | 45% | 39,576,000,000 JAK |
> 100,000 JAK | 50% | 86,054,000,000 JAK | Total | 832,833,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | ||
yes | Total Seats: 260 | ||
no |
Total Seats: 190 | ||
abstain | Total Seats: 0 |
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