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Bill: Finance and Economic Plan of Action
Details
Submitted by[?]: Sindicato Obrero Libre
Status[?]: passed
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 3225
Description[?]:
| Minister Pr. Alex Cuanto, Professor of Economics, proposes these plans to revitalise our economies. Minister Cuanto is well aware of the deficit that this budget would create, but seeing that Gaduridos has over five and a half trillion Gadur left in the reserve, Minister Cuanto believes that Gaduridos is can shoulder the burden, as it is a temporary burden. Signed Minister Pr. Alex Cuanto, Pr. Ec Department of Finance |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 50
Current: 25
Proposed: 75
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 25
Current: 15
Proposed: 12
Article 3
Proposal[?] to change The government's stance on a salary cap.
Old value:: There is a national maximum wage but local governments may enforce stricter salary caps.
Current: Labour unions and organizations of employers negotiate a salary cap.
Proposed: Labour unions and organizations of employers negotiate a salary cap.
Article 4
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 |
| > 100,000 GAD | 1% | 6,749,000,000 GAD |
| > 112,500 GAD | 13% | 141,277,000,000 GAD |
| > 137,500 GAD | 25% | 114,907,000,000 GAD |
| > 150,000 GAD | 38% | 164,655,000,000 GAD |
| > 162,500 GAD | 50% | 199,013,000,000 GAD |
| > 175,000 GAD | 63% | 237,747,000,000 GAD |
| > 187,500 GAD | 75% | 243,201,000,000 GAD |
| > 200,000 GAD | 88% | 245,312,000,000 GAD |
| > 212,500 GAD | 99% | 2,376,187,000,000 GAD | Total | 3,729,048,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 750 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: In order for a Cabinet bill to pass, more than half of the legislature must vote for it and all of the parties included in the proposed Cabinet must support it. If your nation has a Head of State who is also the Head of Government, then the party controlling this character must also vote for the bill, since the Head of Government is also a member of the Cabinet. If any of these requirements are not met, the bill will not pass. |
| Random quote: "Envy is the cause of political division." - Democritus |