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Bill: Income tax proposal of July 3064
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 not pass any sooner than the deadline.
Voting deadline: March 3065
Description[?]:
| The Federal Republican Party (ZC) propose to adjust the government's income tax policy to better address the economic situation of the Federation of Zardugal. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 1
Current: 5
Proposed: 3
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 8
Proposed: 7
Article 3
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 |
| > 500 ZAR | 27% | 7,742,000,000 ZAR |
| > 1,000 ZAR | 30% | 68,820,000,000 ZAR |
| > 5,000 ZAR | 32% | 850,471,000,000 ZAR | Total | 927,033,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 07:39:28, January 23, 2011 CET | From |  Federal Republican Party (ZC) | To | Debating the Income tax proposal of July 3064 |
| Message | Prior to the introduction of this measure the Federation's revenues were at; $1,265,964,820,439 ZAR. And total revenues specific to the proposed tax bracket was at, $714,969,871,989 ZAR. While revenues from the past sales/luxury/corporate tax rates were at, $550,994,948,450 ZAR. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 522 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
| Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
| Random quote: "Casting a vote shouldn't make you sick." - Ronnie Dugger |