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Bill: Revenue Act
Details
Submitted by[?]: Zardio Federisma Partio
Status[?]: passed
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: April 3551
Description[?]:
| The Zardic National Coalition propose to adjust the government's income tax policy to better address the economic situation of the Royal Federation of Zardugal. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 0
Current: 30
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 10
Current: 5
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 10
Current: 8
Proposed: 20
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% | 1,147,000,000 ZAR |
| > 17,000 ZAR | 3% | 3,440,000,000 ZAR |
| > 19,000 ZAR | 5% | 11,232,000,000 ZAR |
| > 23,000 ZAR | 7% | 7,432,000,000 ZAR |
| > 25,000 ZAR | 9% | 20,494,000,000 ZAR |
| > 30,000 ZAR | 11% | 39,801,000,000 ZAR |
| > 40,000 ZAR | 13% | 32,283,000,000 ZAR |
| > 50,000 ZAR | 15% | 25,244,000,000 ZAR |
| > 60,000 ZAR | 17% | 20,340,000,000 ZAR |
| > 70,000 ZAR | 19% | 16,398,000,000 ZAR |
| > 80,000 ZAR | 21% | 14,526,000,000 ZAR |
| > 90,000 ZAR | 23% | 13,334,000,000 ZAR |
| > 100,000 ZAR | 25% | 46,196,000,000 ZAR | Total | 251,867,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 711 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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