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Bill: Income tax proposal of March 4657
Details
Submitted by[?]: Conservative Democratic Party
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: November 4657
Description[?]:
| The Conservative Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Türjak Cumhuriyeti/The Turjak Republic (Jakania). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 65
Current: 20
Proposed: 60
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 10
Proposed: 10
Article 3
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 |
| > 1,000 JAK | 5% | 18,794,000,000 JAK |
| > 7,500 JAK | 10% | 72,286,000,000 JAK |
| > 20,000 JAK | 18% | 130,298,000,000 JAK |
| > 35,000 JAK | 24% | 106,714,000,000 JAK |
| > 50,000 JAK | 30% | 108,679,000,000 JAK |
| > 70,000 JAK | 40% | 193,555,000,000 JAK | Total | 630,326,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 02:12:47, October 30, 2019 CET | From | Cakaniye Cumhuriyetçi Partisi (CCP) | To | Debating the Income tax proposal of March 4657 |
| Message | Mr. Speaker, The Republican Party cannot support an increase in taxes on essential goods. We view this as unnecessarily cruel towards the least fortunate in society. We ask that the Democrats drop that provision from this bill. Mr. Tumkor Kaymak Republican Parliamentary Leader MP from Haftiye |
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Voting
| Vote | Seats | |
| yes | Total Seats: 284 | |
| no | Total Seats: 366 | |
| abstain | Total Seats: 0 |
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