669 Ammendment to The Individual Income Tax (630): Difference between revisions
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669 Ammendment to The Individual Income Tax (630) (view source)
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AinaWarCrim (talk | contribs) (Created page with "''An act to fund government expenditure from individual revenues.'' == Ammendment to Article 1 - The Income Tax == === '''Original Text''' === : 1.1 - Creates a progressive tax on all earnings by citizens of the Republic set at the median annual tax rate of 35%, and sets Income Tax Brackets as follows: : 1.2 - The first ₣15,000 of Income shall be tax free : 1.2 - ₣15,000 - ₣30,000 shall be taxed at 20% : 1.3 - ₣30,000 - ₣60,000 shall be taxed at 37% : 1.4 -...") |
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=== '''Ammended Text''' ===
: 1.1 - Creates a progressive tax on all earnings by citizens of the Republic set at the median annual tax rate of
: 1.2 – The first ₣15,000 of Income shall be tax free
: 1.2 - ₣15,000 - ₣30,000 shall be taxed at 10%
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