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Bill: Income tax proposal of February 3504
Details
Submitted by[?]: Democratic Socialist Movement
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 3504
Description[?]:
| The Democratic Socialist 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 |
| > 15,000 ZAR | 1% | 7,862,000,000 ZAR |
| > 30,000 ZAR | 2% | 3,914,000,000 ZAR |
| > 35,000 ZAR | 4% | 6,614,000,000 ZAR |
| > 40,000 ZAR | 7% | 9,503,000,000 ZAR |
| > 45,000 ZAR | 9% | 10,085,000,000 ZAR |
| > 50,000 ZAR | 12% | 11,258,000,000 ZAR |
| > 55,000 ZAR | 16% | 11,866,000,000 ZAR |
| > 60,000 ZAR | 20% | 12,887,000,000 ZAR |
| > 65,000 ZAR | 23% | 12,650,000,000 ZAR |
| > 70,000 ZAR | 25% | 21,534,000,000 ZAR |
| > 80,000 ZAR | 27% | 9,960,000,000 ZAR |
| > 85,000 ZAR | 30% | 9,642,000,000 ZAR |
| > 90,000 ZAR | 33% | 10,215,000,000 ZAR |
| > 95,000 ZAR | 35% | 9,411,000,000 ZAR |
| > 100,000 ZAR | 37% | 8,473,000,000 ZAR |
| > 105,000 ZAR | 40% | 51,924,000,000 ZAR |
| > 150,000 ZAR | 42% | 13,358,000,000 ZAR | Total | 221,156,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 243 | ||
| no | Total Seats: 163 | ||
| abstain |
Total Seats: 6 |
| Random fact: Particracy does not allow real-life brand names (eg. Coca Cola, McDonalds, Microsoft). However, in the case of military equipment brand names it is permitted to use simple number-letter combinations (eg. T-90 and F-22) borrowed from real life, and also simple generic names, like those of animals (eg. Leopard and Jaguar). |
| Random quote: "The only people who would be hurt by abandoning the Kyoto Protocol would be several thousand people who make a living attending conferences on global warming." - Kirill Kondratyev |