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Bill: Income tax proposal of August 2240
Details
Submitted by[?]: Sect of the Green Moon
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: February 2250
Description[?]:
| The Economic Party propose to adjust the government's income tax policy to better address the economic situation of the United Majatran Republic of Kafuristan. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 100
Current: 25
Proposed: 42
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 00.42
Current: 25
Proposed: 00.429
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 |
| > 1 KAF | 99% | 573,407,000,000 KAF |
| > 10,000 KAF | 60% | 479,837,000,000 KAF |
| > 25,000 KAF | 33% | 157,456,000,000 KAF |
| > 40,000 KAF | 10% | 50,726,000,000 KAF |
| > 100,000 KAF | 5% | 1,851,000,000 KAF | Total | 1,263,277,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 229 | |||
| no | Total Seats: 71 | |||
| abstain | Total Seats: 0 |
| Random fact: "OOC", "IC" and "IG" are commonly-used acronyms in Particracy. "OOC" refers to comments, discussions and actions which are out-of-character, meaning they are done player-to-player rather than party-to-party. "IC" refers to in-character interactions (ie. party-to-party). Similarly, "IG" means in-game, although this term may also simply refer to what happens in the actual game interface, as opposed to on the forum or elsewhere. "RP" just means "role-play". |
| Random quote: "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." - Abraham Lincoln |