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Bill: Income tax proposal of June 4596
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: August 4598
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 | 10% | 5,719,000,000 ZAR |
| > 1,000 ZAR | 15% | 55,821,000,000 ZAR |
| > 7,500 ZAR | 20% | 85,878,000,000 ZAR |
| > 15,000 ZAR | 25% | 245,628,000,000 ZAR |
| > 35,000 ZAR | 30% | 124,036,000,000 ZAR |
| > 50,000 ZAR | 35% | 100,586,000,000 ZAR |
| > 70,000 ZAR | 40% | 49,215,000,000 ZAR |
| > 85,000 ZAR | 50% | 137,074,000,000 ZAR | Total | 803,957,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 300 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Head to the "Language assistance" thread to receive and offer help with translations: http://forum.particracy.net/viewtopic.php?f=5&t=6368 |
| Random quote: "There is only one difference between dictatorship and democracy. In democracy, you vote and then take orders; in dictatorship you don't waste time voting." - Joseph Stalin |