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Bill: Tax Reform Bill of Feb 2360
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: October 2360
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: 16
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 3
Current: 15
Proposed: 2
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 | 4% | 23,227,000,000 GAD |
| > 20,000 GAD | 11% | 31,938,000,000 GAD |
| > 25,000 GAD | 13% | 37,745,000,000 GAD |
| > 30,000 GAD | 19% | 330,991,000,000 GAD |
| > 60,000 GAD | 25% | 578,103,000,000 GAD |
| > 100,000 GAD | 29% | 1,090,353,000,000 GAD |
| > 200,000 GAD | 46% | 1,233,852,000,000 GAD | Total | 3,326,209,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 183 | |||
| no |
Total Seats: 252 | |||
| abstain | Total Seats: 0 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "I say myself that I am beautiful, and I think that all woman strive to look like me.“ - Melissa Hargreaves, former Dranian politician |