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Bill: Income tax proposal of February 3457
Details
Submitted by[?]: Popular 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 3457
Description[?]:
| The Popular 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 |
| > 20,000 ZAR | 2% | 10,030,000,000 ZAR |
| > 30,000 ZAR | 4% | 7,850,000,000 ZAR |
| > 35,000 ZAR | 7% | 11,607,000,000 ZAR |
| > 40,000 ZAR | 14% | 19,059,000,000 ZAR |
| > 45,000 ZAR | 15% | 16,852,000,000 ZAR |
| > 50,000 ZAR | 17% | 15,987,000,000 ZAR |
| > 55,000 ZAR | 23% | 17,102,000,000 ZAR |
| > 60,000 ZAR | 25% | 16,148,000,000 ZAR |
| > 65,000 ZAR | 27% | 14,886,000,000 ZAR |
| > 70,000 ZAR | 31% | 15,024,000,000 ZAR |
| > 75,000 ZAR | 32% | 12,127,000,000 ZAR |
| > 80,000 ZAR | 35% | 12,946,000,000 ZAR |
| > 85,000 ZAR | 37% | 11,924,000,000 ZAR |
| > 90,000 ZAR | 40% | 12,415,000,000 ZAR |
| > 95,000 ZAR | 42% | 11,329,000,000 ZAR |
| > 100,000 ZAR | 45% | 18,332,000,000 ZAR |
| > 110,000 ZAR | 47% | 33,010,000,000 ZAR |
| > 130,000 ZAR | 50% | 21,082,000,000 ZAR |
| > 150,000 ZAR | 55% | 12,890,000,000 ZAR |
| > 180,000 ZAR | 60% | 5,009,000,000 ZAR |
| > 200,000 ZAR | 67% | 0 ZAR |
| > 250,000 ZAR | 70% | 0 ZAR |
| > 300,000 ZAR | 64% | 0 ZAR | Total | 295,609,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 02:32:28, March 19, 2013 CET | From |  Nouveau Parti Libéral (ZR) | To | Debating the Income tax proposal of February 3457 |
| Message | I support the lowering of taxes on the poor but if you wish to raise it on the rich you might want to tax actual people |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 538 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 212 |
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