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Bill: Income tax proposal of November 2283
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: November 2285
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 Tax percentage of the profit made by corporations.
Old value:: 42
Current: 25
Proposed: 32
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 04.20
Current: 2
Proposed: 05.00
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 04.24
Current: 10
Proposed: 05.00
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 | 60% | 666,769,000,000 KAF |
| > 20,000 KAF | 24% | 216,267,000,000 KAF |
| > 50,000 KAF | 13% | 30,415,000,000 KAF |
| > 75,000 KAF | 6% | 5,002,000,000 KAF |
| > 100,000 KAF | 2% | 738,000,000 KAF |
| > 200,000 KAF | 1% | 0 KAF | Total | 919,191,000,000 KAF |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 307 | ||
| no |
Total Seats: 159 | ||
| abstain | Total Seats: 134 |
| Random fact: If you have a question, post it on the forum. Game Moderators and other players will be happy to help you. http://forum.particracy.net/ |
| Random quote: "Politics is the art of postponing decisions until they are no longer relevant." - Henri Queuille |