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Bill: Income tax proposal of September 4638
Details
Submitted by[?]: Federal Socialist Party
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: May 4639
Description[?]:
| The Federal Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Socialist Republic of Hawu-Ikradon. |
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 |
| > 8,999 IKD | 90% | 51,000,000 IKD |
| > 9,000 IKD | 12% | 61,298,000,000 IKD |
| > 18,000 IKD | 20% | 82,456,000,000 IKD |
| > 26,000 IKD | 26% | 136,280,000,000 IKD |
| > 40,000 IKD | 29% | 225,755,000,000 IKD |
| > 75,000 IKD | 32% | 52,945,000,000 IKD |
| > 87,000 IKD | 36% | 62,194,000,000 IKD |
| > 105,000 IKD | 45% | 32,565,000,000 IKD |
| > 135,000 IKD | 51% | 11,246,000,000 IKD | Total | 664,790,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 651 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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