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Bill: Income tax proposal of November 3404
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: July 3405
Description[?]:
| The Democratic Socialist Union 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 |
| > 15,000 ZAR | 1% | 2,866,000,000 ZAR |
| > 20,000 ZAR | 5% | 25,055,000,000 ZAR |
| > 30,000 ZAR | 8% | 15,685,000,000 ZAR |
| > 35,000 ZAR | 12% | 19,883,000,000 ZAR |
| > 40,000 ZAR | 14% | 19,051,000,000 ZAR |
| > 45,000 ZAR | 15% | 16,841,000,000 ZAR |
| > 50,000 ZAR | 18% | 16,920,000,000 ZAR |
| > 55,000 ZAR | 20% | 14,855,000,000 ZAR |
| > 60,000 ZAR | 22% | 14,192,000,000 ZAR |
| > 65,000 ZAR | 24% | 13,213,000,000 ZAR |
| > 70,000 ZAR | 26% | 12,580,000,000 ZAR |
| > 75,000 ZAR | 28% | 10,597,000,000 ZAR |
| > 80,000 ZAR | 30% | 11,081,000,000 ZAR |
| > 85,000 ZAR | 32% | 10,297,000,000 ZAR |
| > 90,000 ZAR | 34% | 10,536,000,000 ZAR |
| > 95,000 ZAR | 36% | 9,686,000,000 ZAR |
| > 100,000 ZAR | 38% | 57,955,000,000 ZAR |
| > 150,000 ZAR | 40% | 12,730,000,000 ZAR | Total | 294,023,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 22:04:28, December 02, 2012 CET | From | Zardio Federisma Partio | To | Debating the Income tax proposal of November 3404 |
| Message | While we support lowering the tax rate for the lower class we cannot support piling in the wealthier Of us. There is no reason to tax the wealthy more given our good fiscal outlook. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 341 | ||||
| no | Total Seats: 84 | ||||
| abstain | Total Seats: 225 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "The worst thing the bad guys can do is force us to doubt the good ones." - Viria Agelasta, former Selucian politician |