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Bill: Income tax proposal of May 4436
Details
Submitted by[?]: Komunisma Reforma Alianco
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: January 4437
Description[?]:
| OOC: The current arrangement of tax band rates is rather unusual! |
Proposals
Article 1
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 | 20% | 57,344,000,000 ZAR |
| > 10,000 ZAR | 40% | 229,377,000,000 ZAR |
| > 20,000 ZAR | 60% | 666,897,000,000 ZAR |
| > 50,000 ZAR | 80% | 548,751,000,000 ZAR | Total | 1,502,369,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 745 | ||
| abstain | Total Seats: 0 |
| Random fact: If your "Bills under debate" section is cluttered up with old bills created by inactive parties, report them for deletion on the Bill Clearouts Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
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