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Bill: Tax Proposal
Details
Submitted by[?]: Sect of the Green Moon
Status[?]: defeated
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: June 2268
Description[?]:
| The Economic Party proposes to adjust the government's 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:: 42
Current: 25
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 25
Proposed: 4.2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 00.001
Current: 45
Proposed: 00.424
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 |
| > 750 KAF | 55% | 602,526,000,000 KAF |
| > 20,000 KAF | 42% | 378,052,000,000 KAF |
| > 50,000 KAF | 22% | 51,419,000,000 KAF |
| > 75,000 KAF | 7% | 5,831,000,000 KAF |
| > 100,000 KAF | 4% | 1,475,000,000 KAF |
| > 250,000 KAF | 2% | 0 KAF |
| > 500,000 KAF | 1% | 0 KAF | Total | 1,039,303,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no |
Total Seats: 240 | ||
| abstain | Total Seats: 274 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "All within the state; nothing outside the state; nothing against the state." - Benito Mussolini |