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Bill: Income Tax Reformation
Details
Submitted by[?]: Passionate Nihilist Collective
Status[?]: defeated
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: July 2253
Description[?]:
| This bill is Part I of the Department of Finance's campaign to BALANCE THE STUPID F***ING BUDGET. |
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 |
| > 1,000 KRP | 2% | 10,384,000,000 KRP |
| > 10,000 KRP | 11% | 30,605,000,000 KRP |
| > 15,000 KRP | 16% | 35,409,000,000 KRP |
| > 20,000 KRP | 25% | 116,909,000,000 KRP |
| > 50,000 KRP | 33% | 29,300,000,000 KRP | Total | 222,607,000,000 KRP |
Debate
These messages have been posted to debate on this bill:
| Date | 04:39:06, July 12, 2006 CET | From |  Kanjoran Imperial Party | To | Debating the Income Tax Reformation |
| Message | yeah, it's pretty well constructed, but the taxes are much higher than before, but achieve just about the same total revenue. This is done by taxing the rich and middle classes more intensly, which will damage consumption among the latter and investment among the former. The poor will still only be given a small tax cut of 3%, which may not even be worth the effort in most households. |
| Date | 04:22:43, July 13, 2006 CET | From | Passionate Nihilist Collective | To | Debating the Income Tax Reformation |
| Message | Thanks for your point of view. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 85 | ||
| no |
Total Seats: 133 | ||
| abstain | Total Seats: 82 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "Don't listen to what the Communists say, but look at what they do." - Nguyen Van Thieu |