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Bill: Income tax proposal of April 2237
Details
Submitted by[?]: Jakania Reform 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: December 2237
Description[?]:
| The Jakania Reform Party propose to adjust the government's income tax policy to better address the economic situation of the United Jakania. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 4
Current: 20
Proposed: 0
Article 2
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 |
| > 25,000 JAK | 8% | 138,831,000,000 JAK | Total | 138,831,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
| Date | 06:28:36, June 04, 2006 CET | From |  Conservative Freedom Party of Jakania | To | Debating the Income tax proposal of April 2237 |
| Message | Unfortunately, this would result in a severe budget deficit. |
| Date | 06:29:09, June 04, 2006 CET | From | Conservative Freedom Party of Jakania | To | Debating the Income tax proposal of April 2237 |
| Message | Upon reviewing the current budget...please ignore the above. |
| Date | 07:23:11, June 04, 2006 CET | From | Jakania Union Party | To | Debating the Income tax proposal of April 2237 |
| Message | Although we support the reduction in individual income tax rates and agree there is room in the budget for tax relief, we are not in support of corporations not being required to pay any taxes. It is our belief that since corporations do benefit from some government services (national defense primarily), they should contribute something toward those services. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 72 | |||
| no | Total Seats: 78 | |||
| abstain |
Total Seats: 40 |
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