Amendment: The Individual Income Tax Act (630): Difference between revisions

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 :1.1 - Creates a progressive tax on all earnings by citizens of the Republic set at the '''median annual tax rate of 38%''', and sets Income Tax Brackets as follows:<br>
 :1.2 – The first ₣15,000 of Income shall be tax free<br>
-:1.2 - ₣15,000 - ₣30,000 shall be taxed at '''21%'''<br>
+:1.2 - ₣15,000 - ₣30,000 shall be taxed at '''20%'''<br>
-:1.3 - ₣30,000 - ₣60,000 shall be taxed at '''38%'''<br>
+:1.3 - ₣30,000 - ₣60,000 shall be taxed at '''37%'''<br>
-:1.4 - ₣60,000 - ₣120,000 shall be taxed at '''54%'''<br>
+:1.4 - ₣60,000 - ₣120,000 shall be taxed at '''56%'''<br>
-:1.5 - ₣120,000 and over shall be taxed at '''70%'''
+:1.5 - ₣120,000 and over shall be taxed at '''72%'''

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