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Bill: Income tax proposal of July 4726
Details
Submitted by[?]: Conservative 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: April 4729
Description[?]:
| The Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Cakaniye Cumhuriyeti/The Republic of Jakania. |
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 |
| > 5,000 JAK | 10% | 114,651,000,000 JAK |
| > 25,000 JAK | 20% | 177,825,000,000 JAK |
| > 50,000 JAK | 25% | 107,282,000,000 JAK |
| > 75,000 JAK | 35% | 85,741,000,000 JAK |
| > 100,000 JAK | 40% | 63,990,000,000 JAK |
| > 150,000 JAK | 50% | 6,267,000,000 JAK | Total | 555,756,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 475 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson |