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Bill: Federal 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 4001
Description[?]:
| The Zardio Federisma Partio propose to adjust the government's income tax policy to better address the economic situation of the Federacio de Zardugal. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 2
Current: 30
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 5
Proposed: 2
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 20
Current: 8
Proposed: 25
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 |
| > 5,000 ZAR | 2% | 11,467,000,000 ZAR |
| > 15,000 ZAR | 5% | 28,008,000,000 ZAR |
| > 25,000 ZAR | 7% | 29,668,000,000 ZAR |
| > 35,000 ZAR | 10% | 30,176,000,000 ZAR |
| > 45,000 ZAR | 15% | 30,939,000,000 ZAR |
| > 55,000 ZAR | 17% | 32,973,000,000 ZAR |
| > 70,000 ZAR | 22% | 34,205,000,000 ZAR |
| > 90,000 ZAR | 25% | 60,690,000,000 ZAR | Total | 258,126,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 397 | |||
| no | Total Seats: 353 | |||
| abstain | Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "If God had wanted us to vote, he would have given us candidates." - Jay Leno |