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Bill: Income tax proposal of February 4742
Details
Submitted by[?]: Federacia Movado
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: October 4742
Description[?]:
| The Tagmata Movado propose to adjust the government's income tax policy to better address the economic situation of the Zardika Federacio (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 |
| > 10,000 ZAR | 5% | 28,721,000,000 ZAR |
| > 20,000 ZAR | 10% | 50,213,000,000 ZAR |
| > 30,000 ZAR | 15% | 54,376,000,000 ZAR |
| > 40,000 ZAR | 20% | 49,762,000,000 ZAR |
| > 50,000 ZAR | 25% | 42,153,000,000 ZAR |
| > 60,000 ZAR | 30% | 35,957,000,000 ZAR |
| > 70,000 ZAR | 31% | 26,801,000,000 ZAR |
| > 80,000 ZAR | 32% | 22,173,000,000 ZAR |
| > 90,000 ZAR | 33% | 19,162,000,000 ZAR |
| > 100,000 ZAR | 35% | 64,762,000,000 ZAR | Total | 394,080,000,000 ZAR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 505 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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