Democratic Action

(2030 Venezuelan Presidential Election)

(Draft Bill)

$350 monthly Basic Income per citizen under a $4200 yearly income

$2.5 an hour minimum wage (including gig work)

20% consolidated flat tax over $1200 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over $1200 a year

Sole trader registration over $1200 a year

Estimated Revenue: $100 billion a year ($10 billion surplus a year)