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Bill: Federal Tax Reform Act
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: May 4064
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:: 10
Current: 30
Proposed: 15
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 3
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
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 |
| > 5,000 ZAR | 2% | 11,469,000,000 ZAR |
| > 15,000 ZAR | 5% | 28,012,000,000 ZAR |
| > 25,000 ZAR | 7% | 29,670,000,000 ZAR |
| > 35,000 ZAR | 9% | 37,269,000,000 ZAR |
| > 50,000 ZAR | 13% | 30,271,000,000 ZAR |
| > 65,000 ZAR | 15% | 21,209,000,000 ZAR |
| > 80,000 ZAR | 17% | 21,613,000,000 ZAR |
| > 100,000 ZAR | 21% | 38,757,000,000 ZAR | Total | 218,270,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 142 | |||
| no | Total Seats: 323 | |||
| abstain | Total Seats: 0 |
| Random fact: Treaties will be eligible for deletion if they are more than 50 in-game years old and have no currently ratified members. |
| Random quote: "The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems, the problems of life and of human relations, of creation and behaviour and religion." - John Maynard Keynes |