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Bill: Income tax proposal of October 2127
Details
Submitted by[?]: People's Democratic 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: June 2128
Description[?]:
| The Carpe Diem Party propose to adjust the government's income tax policy to better address the economic situation of the Republic 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 |
| > 2,790 ZAR | 5% | 12,020,000,000 ZAR |
| > 6,975 ZAR | 15% | 60,099,000,000 ZAR |
| > 13,950 ZAR | 20% | 151,908,000,000 ZAR |
| > 27,901 ZAR | 30% | 242,482,000,000 ZAR |
| > 55,801 ZAR | 35% | 203,165,000,000 ZAR | Total | 669,674,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 00:55:31, October 19, 2005 CET | From |  People's Democratic Party | To | Debating the Income tax proposal of October 2127 |
| Message | We have taken out the tax on people who make less than $1,395 and dropped the tax on those who make less than $2,790 to 5%, down from 10%. The tax on the two highest income earner groups have been raised by 5% each. The two middle ones remain the same. |
| Date | 00:56:10, October 19, 2005 CET | From | People's Democratic Party | To | Debating the Income tax proposal of October 2127 |
| Message | This will hopefully ease the lives of the poor while at the same time the tax increases for the wealthy will sustain us and ensure that we don't fall into a deficit. |
| Date | 02:30:57, October 19, 2005 CET | From | Socialist Republic Party | To | Debating the Income tax proposal of October 2127 |
| Message | im for it |
| Date | 02:59:23, October 19, 2005 CET | From | Labor Party | To | Debating the Income tax proposal of October 2127 |
| Message | Good idea |
| Date | 03:26:22, October 19, 2005 CET | From | New Daio Party | To | Debating the Income tax proposal of October 2127 |
| Message | I'm against it. Raising taxes on the wealthy will hurt businesses and hamper economic growth. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 205 | ||||
| no |
Total Seats: 0 | ||||
| abstain |
Total Seats: 196 |
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