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Bill: Keymon Revolution: Abolish Taxes
Details
Submitted by[?]: Christian Democrats
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: October 2310
Description[?]:
| "With the sale of the fleet of ships that came into our position, Keymon can spend the modest 10% mutual fund growth per year on our national budget. A 43 billion KED fund means we have a budget of 4.3 billion KEDs. Faced with these numbers, our nation can live off this fund forever without any taxes. Gentlemen, I invite you to join me now in celebration, for we are living in the age of the Keymon revolution when we finally realize the dream of this great island." -- Director General Otto Keymon |
Proposals
Article 1
Proposal[?] to change Sales tax on luxury goods.
Old value:: 3
Current: 7
Proposed: 0
Article 2
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 |
| > 300,000 KED | 1% | 0 KED | Total | 0 KED |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 91 | |||
| no | Total Seats: 29 | |||
| abstain | Total Seats: 0 |
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| Random quote: "It is not titles that honor men, but men that honor titles." - Niccolo Machiavelli |