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Bill: Income tax proposal of January 4212
Details
Submitted by[?]: Liberecana Unio
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: January 4213
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:: 9
Current: 30
Proposed: 7
Article 2
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 |
| > 4,999 ZAR | 1% | 5,735,000,000 ZAR |
| > 14,999 ZAR | 11% | 61,628,000,000 ZAR |
| > 24,999 ZAR | 21% | 175,996,000,000 ZAR |
| > 49,999 ZAR | 33% | 226,246,000,000 ZAR | Total | 469,605,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
| Date | 00:02:28, May 17, 2017 CET | From | Liberecana Unio | To | Debating the Income tax proposal of January 4212 |
| Message | By lowering taxes, we boost productivity, as people have more to spend! |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 0 | |
| no | Total Seats: 400 | |
| abstain |
Total Seats: 0 |
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