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Bill: Income tax proposal of August 5335
Details
Submitted by[?]: PEOPLE'S CONGRESS PARTY (PCP)
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 5336
Description[?]:
| The PEOPLE'S CONGRESS PARTY (PCP) propose to adjust the government's income tax policy to better address the economic situation of the Cakaniye Cumhuriyeti (Jakania). |
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 |
| > 5,000 JAK | 10% | 28,860,000,000 JAK |
| > 10,000 JAK | 15% | 86,579,000,000 JAK |
| > 20,000 JAK | 20% | 178,279,000,000 JAK |
| > 40,000 JAK | 25% | 190,477,000,000 JAK |
| > 80,000 JAK | 30% | 105,402,000,000 JAK |
| > 160,000 JAK | 40% | 2,462,000,000 JAK | Total | 592,059,000,000 JAK |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 600 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "A conservative is a man with two perfectly good legs who, however, has never learned to walk forward." - Franklin D. Roosevelt |