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Bill: Income tax proposal of January 2625
Details
Submitted by[?]: Federal Republican Party (ZC)
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: February 2626
Description[?]:
The Federal Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Free Federation of Zardugal. |
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 ZAR | 4% | 74,239,000,000 ZAR |
> 60,000 ZAR | 6% | 16,523,000,000 ZAR |
> 90,000 ZAR | 8% | 19,411,000,000 ZAR | Total | 110,173,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
Date | 21:49:24, August 21, 2008 CET | From | Federal Republican Party (ZC) | To | Debating the Income tax proposal of January 2625 |
Message | From the Ministry of Foreign Affairs: Our government under the monetary policies of the F.R.P. and the honorable B.F.P. has given the Directorate an opportunity to lower the taxes on all of our citizens. Our current sales tax rates are very modest and our economy through a low taxation policy has benefited from all of these elements. Yes, we will lose a bit of revenue from the income tax however, this will help stimulate our economy further onward by allowing the citizens a fair and well deserved tax break on their incomes. Thus enabling them to spend more money and invest their funds back into our consistently growing economy. If there was ever a time to pass such a measure, it is now when surplus is up and government spending has been kept in check. The Ministry of Finance subjects itself to the debate and ideas of the Directorate. . . |
Date | 21:49:41, August 21, 2008 CET | From | Federal Republican Party (ZC) | To | Debating the Income tax proposal of January 2625 |
Message | OOC: I meant Ministry of Finance; not Foreign Affairs. Sorry. |
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Voting
Vote | Seats | ||||||
yes |
Total Seats: 386 | ||||||
no | Total Seats: 0 | ||||||
abstain | Total Seats: 214 |
Random fact: Don't vote yes on a cabinet coalition that doesn't give you the power that you deserve. |
Random quote: "Presidency, n. The greased pig in the field game of American politics." - Ambrose Bierce |