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Bill: Income tax proposal of February 2253
Details
Submitted by[?]: Kirlawan Popular Front
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: October 2253
Description[?]:
| The Kirlawan Popular Front propose to adjust the government's income tax policy to better address the economic situation of the Republic of Kirlawa. |
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 |
| > 42,000 KDI | 10% | 191,385,000,000 KDI |
| > 75,000 KDI | 20% | 1,657,524,000,000 KDI |
| > 250,000 KDI | 35% | 2,168,670,000,000 KDI | Total | 4,017,579,000,000 KDI |
Debate
These messages have been posted to debate on this bill:
| Date | 09:57:50, July 12, 2006 CET | From | Kirlawan Popular Front | To | Debating the Income tax proposal of February 2253 |
| Message | Complete overhaul. No taxes for people earning under 42000KDI Progressive tax rates, with top rate of 35% for the richest. This will greatly benefit those on low incomes |
| Date | 19:40:49, July 12, 2006 CET | From | Democratic Party of Kirlawa | To | Debating the Income tax proposal of February 2253 |
| Message | what is wrong with the way things are currently set up? |
| Date | 00:18:39, July 13, 2006 CET | From | Kirlawan Popular Front | To | Debating the Income tax proposal of February 2253 |
| Message | If you look at the GIni curves, the low rates of tax make no difference at all - This basically does the following: 1) abolishes the 1% band 2) abolishes the 3% band 3) reduces the 13% band to 10% 4) reduces the 22% band to 20% 5) adds a new Higher band, which affects only the very richest earners, at 35% |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 125 | |||
| no | Total Seats: 381 | |||
| abstain | Total Seats: 241 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "The only difference between the Republican and Democratic parties is the velocities with which their knees hit the floor when corporations knock on their door. That's the only difference." - Ralph Nader |