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Bill: Income tax proposal of July 2253
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: March 2254
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 Policy concerning industrial hemp.
Old value:: Production of industrial hemp is illegal, sale of foreign hemp products is legal.
Current: Only regulated agribusinesses may produce industrial hemp.
Proposed: There are no regulations on industrial hemp.
Article 2
Proposal[?] to change The government's policy concerning phone services.
Old value:: Telephone lines are provided free of charge to all citizens.
Current: Telephone lines are provided free of charge to all citizens.
Proposed: There are no regulations on phone service.
Article 3
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government requires all businesses to be run by Democratic Workers' Councils.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Article 4
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 |
> 500 KAF | 90% | 1,001,695,000,000 KAF |
> 20,000 KAF | 50% | 451,352,000,000 KAF |
> 50,000 KAF | 24% | 56,271,000,000 KAF |
> 75,000 KAF | 8% | 6,686,000,000 KAF |
> 100,000 KAF | 4% | 1,479,000,000 KAF |
> 250,000 KAF | 2% | 0 KAF |
> 500,000 KAF | 1% | 0 KAF | Total | 1,517,483,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes |
Total Seats: 318 | ||||
no |
Total Seats: 282 | ||||
abstain | Total Seats: 0 |
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