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Bill: Income tax proposal of February 3345
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: October 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
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% | 8,590,000,000 ZAR |
| > 10,000 ZAR | 6% | 17,181,000,000 ZAR |
| > 15,000 ZAR | 9% | 25,771,000,000 ZAR |
| > 20,000 ZAR | 12% | 32,777,000,000 ZAR |
| > 25,000 ZAR | 15% | 34,117,000,000 ZAR |
| > 30,000 ZAR | 18% | 35,265,000,000 ZAR |
| > 35,000 ZAR | 21% | 34,769,000,000 ZAR |
| > 40,000 ZAR | 24% | 32,624,000,000 ZAR |
| > 45,000 ZAR | 27% | 30,284,000,000 ZAR |
| > 50,000 ZAR | 30% | 28,172,000,000 ZAR |
| > 55,000 ZAR | 32% | 189,153,000,000 ZAR | Total | 468,703,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 08:05:58, August 05, 2012 CET | From | New Democratic Party | To | Debating the Income tax proposal of February 3345 |
| Message | OOC: I screwed up the maths a little, so we have to raise another $6 billion or else we'll have a deficit. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 440 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 310 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." - H. L. Mencken |