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Bill: First Fiscal Reform of November 3486
Details
Submitted by[?]: Democratic Socialist Party
Status[?]: defeated
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: November 3488
Description[?]:
| The Democratic Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Union of Gaduridos. The objective of this new tax policy is to create a more progressive taxation. There are more brackets to create more social-fiscal responsibility for richer people. |
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 |
| > 2,500 GAD | 1% | 2,032,000,000 GAD |
| > 6,000 GAD | 5% | 17,419,000,000 GAD |
| > 12,000 GAD | 10% | 69,678,000,000 GAD |
| > 24,000 GAD | 15% | 156,775,000,000 GAD |
| > 42,000 GAD | 20% | 209,033,000,000 GAD |
| > 60,000 GAD | 25% | 435,485,000,000 GAD |
| > 90,000 GAD | 30% | 481,899,000,000 GAD |
| > 120,000 GAD | 35% | 761,933,000,000 GAD |
| > 180,000 GAD | 40% | 514,789,000,000 GAD |
| > 240,000 GAD | 45% | 543,933,000,000 GAD |
| > 360,000 GAD | 50% | 366,718,000,000 GAD | Total | 3,559,694,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 214 | |
| no |
Total Seats: 194 | |
| abstain | Total Seats: 122 |
| Random fact: Party candidates for head of state elections are not visible to the public. This means that you cannot see who will run and who will not, which adds another strategic element to the elections. |
| Random quote: "Under capitalism, man exploits man. Under communism, it's just the opposite." - John Kenneth Galbraith |