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Bill: Income tax proposal of March 3363
Details
Submitted by[?]: Democratic Socialist Union
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: November 3363
Description[?]:
| The National Democratic Movement 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 |
| > 10,000 ZAR | 1% | 2,863,000,000 ZAR |
| > 15,000 ZAR | 5% | 14,313,000,000 ZAR |
| > 20,000 ZAR | 7% | 19,118,000,000 ZAR |
| > 25,000 ZAR | 9% | 20,467,000,000 ZAR |
| > 30,000 ZAR | 12% | 23,501,000,000 ZAR |
| > 35,000 ZAR | 14% | 23,166,000,000 ZAR |
| > 40,000 ZAR | 16% | 21,739,000,000 ZAR |
| > 45,000 ZAR | 18% | 20,185,000,000 ZAR |
| > 50,000 ZAR | 20% | 18,778,000,000 ZAR |
| > 55,000 ZAR | 22% | 16,328,000,000 ZAR |
| > 60,000 ZAR | 24% | 15,474,000,000 ZAR |
| > 65,000 ZAR | 30% | 16,511,000,000 ZAR |
| > 70,000 ZAR | 45% | 95,919,000,000 ZAR |
| > 100,000 ZAR | 75% | 138,443,000,000 ZAR | Total | 446,805,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 13:57:19, September 10, 2012 CET | From | Zardio Federisma Partio | To | Debating the Income tax proposal of March 3363 |
| Message | You are going to kill the national economy with this. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 400 | |
| no |
Total Seats: 250 | |
| abstain | Total Seats: 0 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "Politics is for the present, but an equation is for eternity." - Albert Einstein |