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Bill: Income tax proposal of June 3327
Details
Submitted by[?]: New 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: February 3328
Description[?]:
The New Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the 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 |
> 500 ZAR | 8% | 2,288,000,000 ZAR |
> 1,000 ZAR | 14% | 8,009,000,000 ZAR |
> 2,000 ZAR | 20% | 22,883,000,000 ZAR |
> 4,000 ZAR | 25% | 57,209,000,000 ZAR |
> 8,000 ZAR | 30% | 205,951,000,000 ZAR |
> 20,000 ZAR | 35% | 301,420,000,000 ZAR |
> 40,000 ZAR | 40% | 248,545,000,000 ZAR |
> 80,000 ZAR | 45% | 125,814,000,000 ZAR |
> 150,000 ZAR | 50% | 15,902,000,000 ZAR | Total | 988,021,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | ||
yes |
Total Seats: 567 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 83 |
Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
Random quote: "A lot of people are waiting for Martin Luther King or Mahatma Gandhi to come back, but they are gone. We are it. It is up to us. It is up to you." - Marian Wright Edelman |