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Bill: Income tax proposal of August 4901
Details
Submitted by[?]: Communist Bloc
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 4902
Description[?]:
The Communist Bloc propose to adjust the government's income tax policy to better address the economic situation of the People's Soviet Commonwealth of Ikradon (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 |
> 10,000 IKD | 60% | 341,441,000,000 IKD |
> 20,000 IKD | 6% | 66,029,000,000 IKD |
> 50,000 IKD | 7% | 35,398,000,000 IKD |
> 75,000 IKD | 10% | 42,105,000,000 IKD |
> 150,000 IKD | 25% | 3,195,000,000 IKD |
> 200,000 IKD | 45% | 0 IKD |
> 400,000 IKD | 50% | 0 IKD |
> 500,000 IKD | 55% | 0 IKD |
> 1,000,000 IKD | 75% | 0 IKD |
> 10,000,000 IKD | 99% | 0 IKD | Total | 488,168,000,000 IKD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes |
Total Seats: 382 | |
no | Total Seats: 0 | |
abstain |
Total Seats: 368 |
Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
Random quote: "The smallest minority on earth is the individual. Those who deny individual rights cannot claim to defend minorities." - Ayn Rand |