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Bill: Income tax proposal of April 2124
Details
Submitted by[?]: National Libertarian Party
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: June 2125
Description[?]:
The National Libertarian Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Union of Gaduridos. |
Proposals
Article 1
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 | 1% | 52,110,000,000 GAD |
> 100,000 GAD | 7% | 262,943,000,000 GAD |
> 200,000 GAD | 8% | 70,280,000,000 GAD |
> 250,000 GAD | 13% | 76,001,000,000 GAD |
> 300,000 GAD | 20% | 139,061,000,000 GAD |
> 400,000 GAD | 25% | 78,812,000,000 GAD |
> 500,000 GAD | 28% | 57,725,000,000 GAD | Total | 736,932,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
Date | 22:08:04, October 11, 2005 CET | From | National Libertarian Party | To | Debating the Income tax proposal of April 2124 |
Message | lower Taxes for everyone, especially the lower class |
Date | 22:09:00, October 11, 2005 CET | From | National Libertarian Party | To | Debating the Income tax proposal of April 2124 |
Message | Also, Wouter fixed the problem, so it will work and it is really affecting it. |
Date | 02:37:34, October 13, 2005 CET | From | National Libertarian Party | To | Debating the Income tax proposal of April 2124 |
Message | Why do you not support? There is no reason not to. |
Date | 05:55:31, October 13, 2005 CET | From | Totalitarian Party | To | Debating the Income tax proposal of April 2124 |
Message | I am undecided. While lower taxes are good, I think 1% may be too low for those closer to $100,000. The higher brackets seem fine, though. For now, I will abstain. |
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Voting
Vote | Seats | |||
yes |
Total Seats: 219 | |||
no | Total Seats: 146 | |||
abstain | Total Seats: 40 |
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