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Bill: Income tax proposal of February 4694
Details
Submitted by[?]: Nouvelle Union Gauche/Socialiste
Status[?]: passed
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: June 4696
Description[?]:
| The Nouvelle Union Gauche/Socialiste propose to adjust the government's income tax policy to better address the economic situation of the Empire de Canrille (Kanjor). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 25
Proposed: 45
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 25
Proposed: 12
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 |
| > 5,000 KRP | 15% | 43,158,000,000 KRP |
| > 10,000 KRP | 27% | 207,501,000,000 KRP |
| > 30,000 KRP | 32% | 40,489,000,000 KRP |
| > 40,000 KRP | 44% | 30,653,000,000 KRP |
| > 50,000 KRP | 60% | 22,431,000,000 KRP |
| > 60,000 KRP | 66% | 15,222,000,000 KRP |
| > 70,000 KRP | 75% | 10,438,000,000 KRP |
| > 80,000 KRP | 87% | 9,956,000,000 KRP |
| > 90,000 KRP | 95% | 2,614,000,000 KRP | Total | 382,462,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 575 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "If man asks for many laws, it is only because he is sure that his neighbor needs them; privately he is an unphilosophical anarchist, and thinks laws in his own case superfluous." - Will Durant |