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Bill: Income tax proposal of February 4396
Details
Submitted by[?]: National Republic Party (NRP)
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: October 4396
Description[?]:
| The National Republic Party (NRP) propose to adjust the government's income tax policy to better address the economic situation of the Unionis Kundrati. |
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 KUN | 10% | 22,366,000,000 KUN |
| > 5,000 KUN | 15% | 41,936,000,000 KUN |
| > 10,000 KUN | 26% | 290,583,000,000 KUN |
| > 30,000 KUN | 38% | 646,668,000,000 KUN |
| > 80,000 KUN | 65% | 196,409,000,000 KUN |
| > 100,000 KUN | 90% | 350,422,000,000 KUN | Total | 1,548,384,000,000 KUN |
Debate
These messages have been posted to debate on this bill:
| Date | 20:00:42, May 20, 2018 CET | From | Factio Liberalis | To | Debating the Income tax proposal of February 4396 |
| Message | A tax rate of over 90% will create less revenue than lower ones following a laffer curve, so no. Also we refuse to raise taxes on the middle class again. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 258 | ||
| no |
Total Seats: 56 | ||
| abstain | Total Seats: 301 |
| 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 Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current.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: "I consider myself a citizen of the world!" - Charlie Chaplin |