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Bill: Income tax proposal of June 4590
Details
Submitted by[?]: Leftist 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: February 4591
Description[?]:
| The Leftist Party of Zardugalo propose to adjust the government's income tax policy to better address the economic situation of the Federacio de Zardugalo (Zardugal). |
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 | 8% | 4,590,000,000 ZAR |
| > 1,000 ZAR | 12% | 44,799,000,000 ZAR |
| > 7,500 ZAR | 15% | 64,613,000,000 ZAR |
| > 15,000 ZAR | 20% | 197,136,000,000 ZAR |
| > 35,000 ZAR | 25% | 103,692,000,000 ZAR |
| > 50,000 ZAR | 30% | 86,529,000,000 ZAR |
| > 70,000 ZAR | 35% | 43,215,000,000 ZAR |
| > 85,000 ZAR | 40% | 110,132,000,000 ZAR | Total | 654,706,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 93 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
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