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Bill: Income tax proposal of December 4190
Details
Submitted by[?]: Liberecana Unio
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: August 4191
Description[?]:
| The Liberecana Unio propose to adjust the government's income tax policy to better address the economic situation of the Federacio de Zardugalo. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 15
Current: 30
Proposed: 10
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 2
Current: 5
Proposed: 1
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 13
Current: 8
Proposed: 9
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 |
| > 1 ZAR | 1% | 2,871,000,000 ZAR |
| > 4,999 ZAR | 4% | 22,974,000,000 ZAR |
| > 14,999 ZAR | 14% | 78,559,000,000 ZAR |
| > 24,999 ZAR | 24% | 101,896,000,000 ZAR |
| > 34,999 ZAR | 34% | 141,027,000,000 ZAR |
| > 49,999 ZAR | 44% | 302,390,000,000 ZAR | Total | 649,717,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 310 | ||||
| no | Total Seats: 190 | ||||
| abstain | Total Seats: 0 |
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