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Bill: Income tax proposal of October 2361
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 2362
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 Sales tax on luxury goods.
Old value:: 3
Current: 15
Proposed: 1
Article 2
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% | 23,186,000,000 GAD |
| > 20,000 GAD | 11% | 31,881,000,000 GAD |
| > 25,000 GAD | 13% | 37,678,000,000 GAD |
| > 30,000 GAD | 19% | 330,405,000,000 GAD |
| > 60,000 GAD | 25% | 577,077,000,000 GAD |
| > 100,000 GAD | 29% | 1,088,417,000,000 GAD |
| > 200,000 GAD | 46% | 1,232,414,000,000 GAD | Total | 3,321,058,000,000 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: 0 | ||||
| abstain |
Total Seats: 252 |
| Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
| Random quote: " A government which robs Peter to pay Paul, can always count on the support of Paul." - George Bernard Shaw |