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Bill: Income tax proposal of March 2433
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: November 2433
Description[?]:
| The Free Movement of Gaduridos propose to adjust the government's income tax policy to better address the economic situation of the Communist Dictatorship of Gaduridos. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 100
Current: 25
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 0
Current: 15
Proposed: 20
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 |
| > 50,000 GAD | 10% | 288,764,000,000 GAD |
| > 100,000 GAD | 15% | 694,561,000,000 GAD |
| > 250,000 GAD | 20% | 318,723,000,000 GAD |
| > 500,000 GAD | 33% | 63,390,000,000 GAD |
| > 750,000 GAD | 40% | 5,547,000,000 GAD | Total | 1,370,985,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes | Total Seats: 71 | ||||
| no |
Total Seats: 255 | ||||
| abstain | Total Seats: 73 |
| Random fact: When your party holds the foreign affairs department, you can create new treaties. However, before writing anything new, it is a good idea to search for existing treaties which already accomplish what you desire. |
| Random quote: "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." - John Maynard Keynes |