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Bill: Income tax proposal of August 4523
Details
Submitted by[?]: Liberal Party of Zardugalo
Status[?]: passed
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: April 4524
Description[?]:
| The Liberal Party of Zardugalo propose to adjust the government's income tax policy to better address the economic situation of the Augustina Respubliko de Zardugalo. |
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 |
| > 500 ZAR | 5% | 1,434,000,000 ZAR |
| > 1,000 ZAR | 10% | 51,632,000,000 ZAR |
| > 10,000 ZAR | 15% | 127,100,000,000 ZAR |
| > 25,000 ZAR | 25% | 209,600,000,000 ZAR |
| > 50,000 ZAR | 30% | 100,978,000,000 ZAR |
| > 75,000 ZAR | 35% | 57,793,000,000 ZAR |
| > 100,000 ZAR | 40% | 61,254,000,000 ZAR |
| > 150,000 ZAR | 45% | 9,267,000,000 ZAR |
| > 175,000 ZAR | 50% | 5,596,000,000 ZAR | Total | 624,654,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 250 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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| Random quote: "For among other evils caused by being disarmed, it renders you contemptible; which is one of those disgraceful things which a prince must guard against." - Niccolo Machiavelli |