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Bill: Income tax proposal of June 3344
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 not pass any sooner than the deadline.
Voting deadline: February 3345
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
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 30
Proposed: 7
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 5
Proposed: 0
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 8
Proposed: 20
Article 4
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 |
> 5,000 ZAR | 3% | 8,609,000,000 ZAR |
> 10,000 ZAR | 6% | 17,218,000,000 ZAR |
> 15,000 ZAR | 9% | 25,827,000,000 ZAR |
> 20,000 ZAR | 12% | 32,851,000,000 ZAR |
> 25,000 ZAR | 15% | 34,190,000,000 ZAR |
> 30,000 ZAR | 18% | 35,335,000,000 ZAR |
> 35,000 ZAR | 21% | 34,833,000,000 ZAR |
> 40,000 ZAR | 24% | 32,687,000,000 ZAR |
> 45,000 ZAR | 27% | 30,347,000,000 ZAR |
> 50,000 ZAR | 30% | 206,014,000,000 ZAR | Total | 457,911,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
Date | 01:05:27, August 04, 2012 CET | From | New Democratic Party | To | Debating the Income tax proposal of June 3344 |
Message | Income tax must be raised, as must be taxes on unnecessary spending. Corporations must be taxed less, however, to stimulate the wartime economy. We need more production. |
Date | 01:58:38, August 04, 2012 CET | From | Zardic Labour Party | To | Debating the Income tax proposal of June 3344 |
Message | Labour supports the Finance Minister's proposals. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 750 | |||
no | Total Seats: 0 | |||
abstain | Total Seats: 0 |
Random fact: Party organizations are eligible for deletion if they are over 50 in-game years old, do not have at least 1 active member or are historically significant and possess historically significant information. |
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