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Bill: Finance Ministry's Tax Code Reform
Details
Submitted by[?]: Gaduridos Corporatism 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: August 3136
Description[?]:
| After much delay, the Finance ministry is proud to release this new tax code to vote. Our GDP is currently at 15,201,939,734,280 GAD, we except this to grow with this new reform |
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 |
| > 5,000 GAD | 2% | 5,804,000,000 GAD |
| > 10,000 GAD | 4% | 9,287,000,000 GAD |
| > 14,000 GAD | 7% | 20,316,000,000 GAD |
| > 19,000 GAD | 10% | 23,218,000,000 GAD |
| > 23,000 GAD | 14% | 40,631,000,000 GAD |
| > 28,000 GAD | 18% | 73,136,000,000 GAD |
| > 35,000 GAD | 23% | 66,751,000,000 GAD |
| > 40,000 GAD | 28% | 162,524,000,000 GAD |
| > 50,000 GAD | 35% | 304,733,000,000 GAD |
| > 65,000 GAD | 40% | 464,355,000,000 GAD |
| > 85,000 GAD | 43% | 345,737,000,000 GAD |
| > 99,000 GAD | 45% | 2,923,263,000,000 GAD | Total | 4,439,755,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:47:01, June 14, 2011 CET | From | Gaduridos Corporatism Party | To | Debating the Finance Ministry's Tax Code Reform |
| Message | We believe in a progressive tax system. This new system will nearly double our current income. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 199 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 0 |
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