The New Individual Income Tax Act, 654

An act to repeal and replace the Individual Income Tax Act (630).
Rejected on 26 May 2023, 06 Aye, 12 Nay, 02 Abstain.

Article 1 - The Income Tax

1.1 - The Individual Income Tax Act (630) Is Repealed

1.2 - A single income tax is created throughout the territory of Kodiak. It is charged from a monthly salary in florins. If the salary is not received in florins, then the tax is collected from the salary transferred to florins. The amount of income tax varies in accordance with Articles 1.3 - 1.11 of this law.

1.3 - The first 10 000 florins are not taxed.

1.4 - Each florin over 10 000 florins per month up to 15 000 florins per month is taxed 30%.

1.5 - Each florin over 15 000 florins per month up to 20 000 florins per month is taxed 40%.

1.6 - Each florin over 20 000 florins per month up to 25 000 florins per month is taxed 50%.

1.7 - Each florin over 25 000 florins per month up to 30 000 florins per month is taxed 60%.

1.8 - Each florin over 30 000 florins per month up to 35 000 florins per month is taxed 70%.

1.9 - Each florin over 35 000 florins per month up to 40 000 florins per month is taxed 80%.

1.10 - Each florin over 40 000 florins per month up to 45 000 florins per month is taxed 90%.

1.11 - Each florin over 45 000 florins per month up is taxed 95%.

Proposed by Immanuel von Zeppelin, CKA, as a private members' bill.