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Bill: Income tax proposal of April 3462
Details
Submitted by[?]: Democratic Socialist 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: December 3462
Description[?]:
The Democratic Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Federated Kingdoms 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 |
> 560 GAD | 1% | 690,000,000 GAD |
> 1,750 GAD | 3% | 3,045,000,000 GAD |
> 3,500 GAD | 5% | 10,151,000,000 GAD |
> 7,000 GAD | 7% | 28,423,000,000 GAD |
> 14,000 GAD | 10% | 81,209,000,000 GAD |
> 28,000 GAD | 15% | 243,627,000,000 GAD |
> 56,000 GAD | 20% | 638,207,000,000 GAD |
> 112,000 GAD | 25% | 900,742,000,000 GAD |
> 224,000 GAD | 35% | 642,061,000,000 GAD |
> 448,000 GAD | 50% | 173,958,000,000 GAD |
> 896,000 GAD | 60% | 0 GAD |
> 1,792,000 GAD | 70% | 0 GAD | Total | 2,722,113,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 524 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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