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Bill: Income tax proposal of October 2358
Details
Submitted by[?]: Free Movement of Gaduridos
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will not pass any sooner than the deadline.
Voting deadline: June 2359
Description[?]:
| The Free Movement of Gaduridos propose to adjust the government's income tax policy to better address the economic situation of the Grand Ascendancy of Gaduridos. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 25
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 3
Current: 15
Proposed: 1
Article 3
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 GAD | 6% | 34,788,000,000 GAD |
| > 20,000 GAD | 13% | 37,687,000,000 GAD |
| > 25,000 GAD | 15% | 43,485,000,000 GAD |
| > 30,000 GAD | 21% | 365,274,000,000 GAD |
| > 60,000 GAD | 27% | 623,397,000,000 GAD |
| > 100,000 GAD | 31% | 1,163,742,000,000 GAD |
| > 200,000 GAD | 48% | 1,286,190,000,000 GAD | Total | 3,554,563,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 182 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 253 |
| Random fact: The Real-Life Equivalents Index is a valuable resource for finding out the in-game equivalents of real-life cultures, languages, religions, people and places: http://forum.particracy.net/viewtopic.php?f=11&t=6731 |
| Random quote: "Dissent is the highest form of patriotism." - Howard Zinn |