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Bill: Income tax proposal of August 4519
Details
Submitted by[?]: Liberal Democratic Party (LDP)
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: April 4520
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 |
| > 3,000 KRB | 1% | 1,704,000,000 KRB |
| > 6,000 KRB | 3% | 10,227,000,000 KRB |
| > 12,000 KRB | 5% | 28,407,000,000 KRB |
| > 22,000 KRB | 10% | 130,673,000,000 KRB |
| > 45,000 KRB | 20% | 470,012,000,000 KRB |
| > 90,000 KRB | 30% | 597,293,000,000 KRB |
| > 150,000 KRB | 45% | 651,743,000,000 KRB | Total | 1,890,059,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 17:05:49, January 22, 2019 CET | From | Liberal Democratic Party (LDP) | To | Debating the Income tax proposal of August 4519 |
| Message | To inform the Parliament on the proposal,Finance Minister Connor Jeruberg: |
| Date | 17:07:43, January 22, 2019 CET | From | Liberal Democratic Party (LDP) | To | Debating the Income tax proposal of August 4519 |
| Message | Fellow deputies first of all this proposal is an all around cut of income taxes to every single bracket except for the 150,000< Bracket. Second,this proposal stays well below our surplus so we will still have a large and healthy surplus in our national budget. |
| Date | 17:24:05, January 22, 2019 CET | From | National Conservative Party | To | Debating the Income tax proposal of August 4519 |
| Message | This proposal leaves us with about a 55 billion surplus, I believe that's an acceptable rainy day fund. |
| Date | 21:54:26, January 22, 2019 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Income tax proposal of August 4519 |
| Message | So now the rich get to complain about they have to pay for poor relief and use that as an reason to end social spending. Oh wait: the Government has abolished that too. Starve the beast means starve the poor. Good work, Comrade |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 228 | |||||
| no | Total Seats: 0 | |||||
| abstain | Total Seats: 47 |
| Random fact: Voters have an extra appreciation for bills that actually get passed, so if you want to maximally take profit from your votes, make sure you compromise with others. |
| Random quote: "A good politician is quite as unthinkable as an honest burglar." H. L. Mencken |