The New Individual Income Tax Act, 654
From The Kodiak Republic Wiki
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- 1.1 - The Individual Income Tax Act (630) Is Repealed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 - Each florin over 15 000 florins per month up to 20 000 florins per month is taxed 40%. :1.5 - The tax increases by 10% every 5 000 florins.
Proposed by Immanuel von Zeppelin, CKA, as a private members' bill.
