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Bill: Federal Revenue Act
Details
Submitted by[?]: Zardio Federisma Partio
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 4539
Description[?]:
| The Zardio Federisma Partio propose to adjust the government's income tax policy to better address the economic situation of the Augustina Respubliko de Zardugalo. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 10
Current: 30
Proposed: 20
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 |
| > 5,000 ZAR | 1% | 2,868,000,000 ZAR |
| > 10,000 ZAR | 2% | 11,474,000,000 ZAR |
| > 20,000 ZAR | 5% | 25,075,000,000 ZAR |
| > 30,000 ZAR | 7% | 25,344,000,000 ZAR |
| > 40,000 ZAR | 9% | 22,364,000,000 ZAR |
| > 50,000 ZAR | 12% | 40,391,000,000 ZAR |
| > 75,000 ZAR | 15% | 16,067,000,000 ZAR |
| > 90,000 ZAR | 20% | 11,602,000,000 ZAR |
| > 100,000 ZAR | 25% | 18,964,000,000 ZAR |
| > 120,000 ZAR | 30% | 32,720,000,000 ZAR | Total | 206,869,000,000 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 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "The more you can increase fear of drugs and crime, welfare mothers, immigrants and aliens, the more you control all the people." - Noam Chomsky |