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Bill: Income tax proposal of March 3800
Details
Submitted by[?]: Liberala Demokrata 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: November 3800
Description[?]:
| This bill (given the seperate spending bill passes) will still provide us with a surplus and cuts taxes for all but the very rich and brings many people out of the income tax all together. Should it not bring about a surplus we will immediately propose a bill to amend the error. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 5
Proposed: 7
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 30
Current: 8
Proposed: 33
Article 3
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 |
| > 25,000 ZAR | 15% | 63,552,000,000 ZAR |
| > 35,000 ZAR | 20% | 60,327,000,000 ZAR |
| > 45,000 ZAR | 30% | 103,490,000,000 ZAR |
| > 65,000 ZAR | 40% | 41,399,000,000 ZAR |
| > 75,000 ZAR | 45% | 33,677,000,000 ZAR |
| > 85,000 ZAR | 47% | 29,716,000,000 ZAR |
| > 95,000 ZAR | 50% | 105,802,000,000 ZAR | Total | 437,963,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 03:27:15, February 12, 2015 CET | From |  Konfederacio Nacia Laboro(KNL) | To | Debating the Income tax proposal of March 3800 |
| Message | We cannot support an increase in the tax on essential goods. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 311 | |||
| no | Total Seats: 339 | |||
| abstain | Total Seats: 0 |
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