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Bill: Income tax proposal of December 4901
Details
Submitted by[?]: Parti Socialiste Kanjorien
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: August 4902
Description[?]:
| The Parti Socialiste Kanjorien propose to adjust the government's income tax policy to better address the economic situation of the Royaume de Kanjor (Kanjor). |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 35
Proposed: 6
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 30
Proposed: 30
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 |
| > 15,000 KRP | 15% | 33,146,000,000 KRP |
| > 20,000 KRP | 25% | 67,646,000,000 KRP |
| > 30,000 KRP | 35% | 44,350,000,000 KRP |
| > 40,000 KRP | 45% | 31,376,000,000 KRP |
| > 50,000 KRP | 55% | 20,568,000,000 KRP |
| > 60,000 KRP | 65% | 20,321,000,000 KRP |
| > 75,000 KRP | 80% | 15,894,000,000 KRP | Total | 233,301,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
| Date | 22:54:23, March 05, 2021 CET | From | Parti Socialiste Kanjorien | To | Debating the Income tax proposal of December 4901 |
| Message | Seeing as how the budget passed, but the tax brackets most likely won't, the nation is set to run at a considerable deficit. If we are to exempt all income up to 15k from taxation, we should implement a small yet necessary VAT on essential goods; this coupled with a slight increase to corporation taxes will go a long way in alleviating both the deficit and bringing about more equality. |
| Date | 15:01:54, March 06, 2021 CET | From | Parti Socialiste Populaire | To | Debating the Income tax proposal of December 4901 |
| Message | While we support this bill as a way to cover the error of the last budget, and welcome the corporation tax rise, we cannot accept the 6% essential goods tax as a long-term measure, and suggest either a cut to some departments or a rise in luxury goods tax so that essential goods tax can return to zero. |
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Voting
| Vote | Seats | ||
| yes |
Total Seats: 468 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 282 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "If men want to oppose war, it is statism that they must oppose." - Ayn Rand |