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Bill: Income tax proposal of October 3354
Details
Submitted by[?]: Zardio Federisma Partio
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: June 3355
Description[?]:
| The Conservative Republican 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:: 7
Current: 30
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 3
Proposal[?] to change
Taxation of religious institutions.
Old value:: Religions are treated as companies, and all profit is taxed, however, charitable donations are not taxed.
Current: Recognized religions are not taxed.
Proposed: Recognized religions are not taxed.
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 |
| > 10,000 ZAR | 4% | 11,477,000,000 ZAR |
| > 15,000 ZAR | 6% | 17,216,000,000 ZAR |
| > 20,000 ZAR | 8% | 21,898,000,000 ZAR |
| > 25,000 ZAR | 10% | 22,791,000,000 ZAR |
| > 30,000 ZAR | 12% | 23,554,000,000 ZAR |
| > 35,000 ZAR | 14% | 23,219,000,000 ZAR |
| > 40,000 ZAR | 16% | 21,789,000,000 ZAR |
| > 45,000 ZAR | 18% | 20,229,000,000 ZAR |
| > 50,000 ZAR | 20% | 18,814,000,000 ZAR |
| > 55,000 ZAR | 22% | 16,362,000,000 ZAR |
| > 60,000 ZAR | 24% | 15,504,000,000 ZAR |
| > 65,000 ZAR | 26% | 14,336,000,000 ZAR |
| > 70,000 ZAR | 28% | 111,572,000,000 ZAR | Total | 338,761,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 750 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
| Random fact: Hundreds of vessels were lost while traversing the cold waters of the Sea of Lost Souls. It is located between Seleya and Majatra. |
| Random quote: "Liberty is not a means to a higher political end. It is itself the highest political end." - John Dalberg-Acton |