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Bill: Financial Reform 2530: Income tax

Details

Submitted by^[?]: People Party

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: July 2531

Description^[?]:

The People Party propose to adjust the government's income tax policy to better address the economic situation of the Free Federation of Zardugal.
To finance the Operation Polarity there is the need to raise slightly personnel taxes, but without hitting too much our citizens.

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
> 5,000 ZAR	3%	8,594,000,000 ZAR
> 10,000 ZAR	8%	22,917,000,000 ZAR
> 15,000 ZAR	9%	25,782,000,000 ZAR
> 20,000 ZAR	10%	27,329,000,000 ZAR
> 25,000 ZAR	12%	27,301,000,000 ZAR
> 30,000 ZAR	16%	97,545,000,000 ZAR
> 50,000 ZAR	19%	54,663,000,000 ZAR
> 70,000 ZAR	22%	46,902,000,000 ZAR
> 100,000 ZAR	24%	36,630,000,000 ZAR
> 150,000 ZAR	26%	4,611,000,000 ZAR
> 170,000 ZAR	27%	1,540,000,000 ZAR
> 180,000 ZAR	29%	1,654,000,000 ZAR
> 190,000 ZAR	30%	801,000,000 ZAR
Total		356,269,000,000 ZAR

Debate

These messages have been posted to debate on this bill:

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Voting

Vote

Seats

yes

Saiserist League (103)
People Party (57)
Ancient and Noble Order of the Cavaliers (29)
Cult of the Yellow Sky (29)

Total Seats: 218

Brabantic Freedom Party (72)
Qualita Party (0)

Total Seats: 72

abstain

Konservativa Respublikano Parti (36)
H.C.P.Z (27)

Total Seats: 63

Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363

Random quote: "Too bad all the people who know how to run the country are busy driving taxi cabs and cutting hair." - George Burns

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