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Bill: Income tax proposal of February 2347
Details
Submitted by[?]: Imperial Guard
Status[?]: passed
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 2347
Description[?]:
| The People's Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Kalistan. |
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 |
| > 10,000 KRB | 1% | 5,671,000,000 KRB |
| > 20,000 KRB | 2% | 11,342,000,000 KRB |
| > 30,000 KRB | 3% | 17,013,000,000 KRB |
| > 40,000 KRB | 4% | 22,684,000,000 KRB |
| > 50,000 KRB | 6% | 34,025,000,000 KRB |
| > 60,000 KRB | 8% | 83,069,000,000 KRB |
| > 80,000 KRB | 10% | 45,673,000,000 KRB |
| > 90,000 KRB | 12% | 52,423,000,000 KRB |
| > 100,000 KRB | 15% | 60,797,000,000 KRB |
| > 110,000 KRB | 20% | 71,094,000,000 KRB |
| > 120,000 KRB | 22% | 68,130,000,000 KRB |
| > 130,000 KRB | 24% | 60,860,000,000 KRB |
| > 140,000 KRB | 26% | 58,864,000,000 KRB |
| > 150,000 KRB | 28% | 53,250,000,000 KRB |
| > 160,000 KRB | 30% | 51,334,000,000 KRB |
| > 170,000 KRB | 32% | 49,129,000,000 KRB |
| > 180,000 KRB | 34% | 83,642,000,000 KRB |
| > 200,000 KRB | 36% | 75,929,000,000 KRB |
| > 220,000 KRB | 40% | 49,288,000,000 KRB |
| > 240,000 KRB | 44% | 44,605,000,000 KRB |
| > 260,000 KRB | 48% | 65,802,000,000 KRB |
| > 300,000 KRB | 50% | 56,136,000,000 KRB | Total | 1,120,760,000,000 KRB |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 308 | |||
| no | Total Seats: 240 | |||
| abstain | Total Seats: 67 |
| Random fact: Particracy allows you to establish an unelected head of state like a monarch or a president-for-life, but doing this is a bit of a process. First elect a candidate with the name "." to the Head of State position. Then change your law on the "Structure of the executive branch" to "The head of state is hereditary and symbolic; the head of government chairs the cabinet" and change the "formal title of the head of state" to how you want the new head of state's title and name to appear (eg. King Percy XVI). |
| Random quote: "The goal of life is living in agreement with nature." Zeno (335 BC - 264 BC), from Diogenes Laertius, Lives of Eminent Philosophers |