The New Individual Income Tax Act, 654

An act to repeal and replace the Individual Income Tax Act (630).
ACTIONED ## MONTH ####, ## Aye, ## Nay, ## 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1.1 The Individual Income Tax Act (630) Is Repealed 1.2 A single income tax is created throughout the territory of Kodiak.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, 1.4 and 1.5 of this law. 1.3 The first 15,000 florins are not taxed. 1.4 15000-25000 are taxed at 10%. 1.5 Every next 10,000 florins add 10% to the income tax.

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