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Bill: Income tax proposal of July 4050
Details
Submitted by[?]: Vintalli Nationalist 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: March 4051
Description[?]:
| The Vintalli Nationalist 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 |
| > 50,000 GAD | 17% | 246,682,000,000 GAD |
| > 75,000 GAD | 20% | 231,811,000,000 GAD |
| > 95,000 GAD | 25% | 1,229,648,000,000 GAD |
| > 250,000 GAD | 30% | 498,440,000,000 GAD |
| > 550,000 GAD | 35% | 49,061,000,000 GAD | Total | 2,255,642,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 22:52:14, June 27, 2016 CET | From | Vintalli Nationalist Party | To | Debating the Income tax proposal of July 4050 |
| Message | This bill will lower income tax for the vast majority of our population, eliminate it for earners of less than 50,000 GAD, and it will increase our tax income. |
| Date | 00:30:39, June 28, 2016 CET | From | Green Moderates Party | To | Debating the Income tax proposal of July 4050 |
| Message | Is a subsequent spending bill with increased levels to be anticipated? Otherwise, a revenue (near) neutral tax proposal might be more appropriate. |
| Date | 00:33:05, June 28, 2016 CET | From | Vintalli Nationalist Party | To | Debating the Income tax proposal of July 4050 |
| Message | We wish to reduce Corporation tax in the near future. |
| Date | 00:41:35, June 28, 2016 CET | From | Green Moderates Party | To | Debating the Income tax proposal of July 4050 |
| Message | The corporation tax is already set below the lowest income bracket. Why will investment profits be taxed at a lower rate than that earned in work? While other scenarios would provide nuances and tiebacks for the policy to work, Gaduridos must make due with two sets of numbers/rates... |
| Date | 00:53:35, June 28, 2016 CET | From | Vintalli Nationalist Party | To | Debating the Income tax proposal of July 4050 |
| Message | Corporation tax should be kept as low as possible to promote the creation of businesses and investment. This ensures high levels of competition and employment. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 450 | ||||
| no |
Total Seats: 197 | ||||
| abstain | Total Seats: 103 |
| Random fact: Players must never be asked for their Particracy password. This includes Moderation; a genuine Moderator will never ask for your password. |
| Random quote: "Economic advance is not the same thing as human progress." - John Clapham |