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Bill: Income tax proposal of March 4501
Details
Submitted by[?]: Liberal Democratic Party (LDP)
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: November 4501
Description[?]:
| The Liberal Democratic Party (LDP) 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 |
| > 12,000 KRB | 5% | 28,351,000,000 KRB |
| > 22,000 KRB | 10% | 130,415,000,000 KRB |
| > 45,000 KRB | 20% | 469,067,000,000 KRB |
| > 90,000 KRB | 30% | 596,036,000,000 KRB |
| > 150,000 KRB | 40% | 577,916,000,000 KRB | Total | 1,801,785,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 00:49:32, December 18, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of March 4501 |
| Message | We are not sure why the Right always likes to remove the >1 KRB bracket. All should pay for the maintenance of the Republic. This gives all a buy in. Usually, the right does this to justify ALSO cutting taxes for the wealthy and moving toward a flat tax, which only does one thing: Starves the Republic of Revenue. But if they could get away with cutting taxes on just the rich, we know they would. We know what the real goal of the flat tax is, and that is to gut social spending in the society without touching defense spending. Its because the current government hates poor people. So, we will oppose. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 111 | |||
| no |
Total Seats: 103 | |||
| abstain | Total Seats: 36 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "There is a sufficiency in the world for man's need but not for man's greed." - Mahatma Gandhi |