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Bill: Income tax proposal of December 4432
Details
Submitted by[?]: Socialist Party of Kalistan (SPoK)
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: February 4434
Description[?]:
| The Socialist Party of Kalistan (SPoK) propose to adjust the government's income tax policy to better address the economic situation of the United Republic of Kalistan. This Tax bill, as proposed, cuts taxes from the top 5 of 8 tax brackets, and while maintaining the explicitly progressive nature of taxes in Kalistan, it flattens the curve significantly so that more Kalistanis may keep more of their money for investment and economic development. The cut in revenues will track with a corresponding cut in services to maintain the extremely generous surplus which is Kalistan's luxury and insurance against economic downturn. This proposal represents a 320,160,385,248 KRB cut in revenues in Kalistan exclusively from income taxes. The Finance Minister endorses this program, and encourages all Parties to support it. |
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 KRB | 1% | 1,702,000,000 KRB |
| > 3,000 KRB | 2% | 3,406,000,000 KRB |
| > 6,000 KRB | 3% | 10,217,000,000 KRB |
| > 12,000 KRB | 5% | 28,381,000,000 KRB |
| > 22,000 KRB | 12% | 156,661,000,000 KRB |
| > 45,000 KRB | 20% | 469,592,000,000 KRB |
| > 90,000 KRB | 28% | 556,953,000,000 KRB |
| > 150,000 KRB | 35% | 506,362,000,000 KRB | Total | 1,733,274,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 07:31:21, August 02, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of December 4432 |
| Message | Comrade Speaker, We wish to entertain comment on this bill before moving it to a vote. We yield, Maria Reina-Rodriguez Premier of the Republic |
| Date | 04:19:00, August 03, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of December 4432 |
| Message | As we still hold the Finance Ministry, we will move these bills to a vote before that is stripped, maliciously from our administration by the Rightists. |
| Date | 04:19:27, August 03, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of December 4432 |
| Message | As we still hold the Finance Ministry, we will move these bills to a vote before that is stripped, maliciously from our administration by the Rightists. |
| Date | 04:19:53, August 03, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of December 4432 |
| Message | (OOC: Sorry about the double post.) |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 750 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "Liberty means responsibility. That is why most men dread it." - George Bernard Shaw |