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Bill: Income tax proposal of June 2664
Details
Submitted by[?]: Pro 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: May 2665
Description[?]:
The Red Peoples Party propose to adjust the government's income tax policy to better address the economic situation of the United Realms 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 |
> 1,000 ZAR | 1% | 573,000,000 ZAR |
> 2,000 ZAR | 2% | 2,294,000,000 ZAR |
> 4,000 ZAR | 3% | 6,881,000,000 ZAR |
> 8,000 ZAR | 4% | 18,349,000,000 ZAR |
> 16,000 ZAR | 5% | 40,588,000,000 ZAR |
> 32,000 ZAR | 8% | 82,431,000,000 ZAR |
> 100,000 ZAR | 10% | 11,058,000,000 ZAR |
> 130,000 ZAR | 5% | 2,990,000,000 ZAR |
> 170,000 ZAR | 1% | 141,000,000 ZAR | Total | 165,305,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes | Total Seats: 359 | ||||
no | Total Seats: 0 | ||||
abstain |
Total Seats: 241 |
Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
Random quote: "The honest politician is one who, when he is bought, stays bought." - Simon Cameron |