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Bill: Income tax proposal of July 4585
Details
Submitted by[?]: Republican Party (Zardugal)
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: March 4586
Description[?]:
The Republican Party (Zardugal) propose to adjust the government's income tax policy to better address the economic situation of the Federacio de Zardugalo (Zardugal). We would like to reduce the abnormally high taxes which caused the citizens to suffer under the dreadful communist rule. |
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 |
> 1 ZAR | 10% | 5,725,000,000 ZAR |
> 1,000 ZAR | 10% | 37,249,000,000 ZAR |
> 7,500 ZAR | 15% | 64,469,000,000 ZAR |
> 15,000 ZAR | 15% | 147,510,000,000 ZAR |
> 35,000 ZAR | 15% | 62,073,000,000 ZAR |
> 50,000 ZAR | 20% | 57,545,000,000 ZAR |
> 70,000 ZAR | 25% | 30,789,000,000 ZAR |
> 85,000 ZAR | 30% | 82,352,000,000 ZAR | Total | 487,712,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 207 | |
no | Total Seats: 0 | |
abstain | Total Seats: 93 |
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