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Progressive Income Tax Act
Name
Progressive Income Tax Act
Author
Type
Government Bill
Date
10/10/07
Passed
6-0


The Progressive Income Tax Act went as follows, and was the first unopposed Act in Ostentia:

Progressive Income Tax ActEdit

A progressive income tax system will be set up across the whole country. The higher rates of taxes will only be paid on income over and above the minimum level for that band (i.e. all money up to that level will be taxed at the lower level). The bands will be set as follows:

  • £0-5000 10%
  • £5001-35000 20%
  • £35001+ 40%

For more infoEdit

Ostentian Statute Book