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Bill: Income tax proposal of January 4564
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: September 4564
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 |
| > 6,000 KRB | 1% | 3,407,000,000 KRB |
| > 12,000 KRB | 2% | 11,358,000,000 KRB |
| > 22,000 KRB | 5% | 65,309,000,000 KRB |
| > 45,000 KRB | 20% | 469,798,000,000 KRB |
| > 90,000 KRB | 30% | 596,968,000,000 KRB |
| > 150,000 KRB | 45% | 651,320,000,000 KRB | Total | 1,798,160,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
| Date | 19:11:38, April 21, 2019 CET | From | Liberal Democratic Party (LDP) | To | Debating the Income tax proposal of January 4564 |
| Message | This new taxation bill would see a cut of 11 billion to low and middle class taxes which would undoubtably give a breath of relief to our cititzens and our national budget will still be in a very comfortable surplus. |
| Date | 19:21:27, April 21, 2019 CET | From | National Conservative Party | To | Debating the Income tax proposal of January 4564 |
| Message | Since the cuts on the programs meant to assist our people, we have just been hoarding taxpayer money. Either increases in spending, or tax cuts. We don't care either way, as long as we stop the money hoarding. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 214 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 61 |
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