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Bill: Tax Reform 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: June 3747
Description[?]:
| The Zardic Popola Partio propose to adjust the government's income tax policy to better address the economic situation of the Federacio de Zardugal (Zardugal). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 30
Proposed: 27
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 8
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 |
| > 10,000 ZAR | 10% | 28,696,000,000 ZAR |
| > 15,000 ZAR | 12% | 34,436,000,000 ZAR |
| > 20,000 ZAR | 14% | 38,327,000,000 ZAR |
| > 25,000 ZAR | 16% | 36,469,000,000 ZAR |
| > 30,000 ZAR | 20% | 39,261,000,000 ZAR |
| > 35,000 ZAR | 24% | 39,809,000,000 ZAR |
| > 40,000 ZAR | 28% | 38,135,000,000 ZAR |
| > 45,000 ZAR | 32% | 35,967,000,000 ZAR |
| > 50,000 ZAR | 35% | 58,963,000,000 ZAR |
| > 60,000 ZAR | 40% | 67,289,000,000 ZAR |
| > 75,000 ZAR | 45% | 17,059,000,000 ZAR |
| > 80,000 ZAR | 47% | 59,805,000,000 ZAR |
| > 100,000 ZAR | 49% | 90,586,000,000 ZAR | Total | 584,802,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 566 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 84 |
| Random fact: The majority of nations in Particracy are "Culturally Protected" with an established cultural background. Only the "Culturally Open" nations are not bound by the rules surrounding culture. The Cultural Protocols Index should be consulted for more information about the cultural situation of each nation. |
| Random quote: "Communism, like any other revealed religion, is largely made up of prophecies." - H. L. Mencken |