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Bill: Income tax proposal of August 5198
Details
Submitted by[?]: Institutional Party of Kalistan (IPoK)
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 5199
Description[?]:
The Institutional Party of Kalistan (IPoK) proposes an across the board tax cut of 1% for all but the 1 K bracket. This will be accompanied by a reduction in spending on military and other non-essential programs in Kalistan |
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 |
> 1 KRB | 1% | 25,528,000,000 KRB |
> 45,000 KRB | 7% | 164,253,000,000 KRB |
> 90,000 KRB | 14% | 229,416,000,000 KRB |
> 135,000 KRB | 20% | 172,799,000,000 KRB |
> 180,000 KRB | 25% | 123,093,000,000 KRB |
> 225,000 KRB | 30% | 68,495,000,000 KRB |
> 270,000 KRB | 34% | 43,268,000,000 KRB |
> 315,000 KRB | 37% | 12,037,000,000 KRB |
> 360,000 KRB | 40% | 20,024,000,000 KRB | Total | 858,913,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | ||
yes | Total Seats: 79 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 0 |
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