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Bill: Income tax proposal of December 3529
Details
Submitted by[?]: Zardio Federisma Partio
Status[?]: defeated
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: October 3530
Description[?]:
| The United Federal 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:: 23
Current: 30
Proposed: 25
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 28
Current: 25
Proposed: 30
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 |
| > 15,000 ZAR | 1% | 4,267,000,000 ZAR |
| > 22,500 ZAR | 2% | 7,210,000,000 ZAR |
| > 30,000 ZAR | 3% | 5,878,000,000 ZAR |
| > 35,000 ZAR | 5% | 8,278,000,000 ZAR |
| > 40,000 ZAR | 7% | 9,517,000,000 ZAR |
| > 45,000 ZAR | 9% | 10,099,000,000 ZAR |
| > 50,000 ZAR | 12% | 11,272,000,000 ZAR |
| > 55,000 ZAR | 16% | 11,880,000,000 ZAR |
| > 60,000 ZAR | 20% | 12,897,000,000 ZAR |
| > 65,000 ZAR | 23% | 12,658,000,000 ZAR |
| > 70,000 ZAR | 25% | 21,554,000,000 ZAR |
| > 80,000 ZAR | 27% | 9,971,000,000 ZAR |
| > 85,000 ZAR | 30% | 9,649,000,000 ZAR |
| > 90,000 ZAR | 33% | 10,222,000,000 ZAR |
| > 95,000 ZAR | 35% | 9,418,000,000 ZAR |
| > 100,000 ZAR | 37% | 8,474,000,000 ZAR |
| > 105,000 ZAR | 40% | 51,889,000,000 ZAR |
| > 150,000 ZAR | 42% | 13,361,000,000 ZAR | Total | 228,494,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 220 | ||
| no |
Total Seats: 177 | ||
| abstain |
Total Seats: 103 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "Aristocracy and exclusiveness tend to final overthrow, in language as in politics." - W. D. Whitney |