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Bill: Income tax proposal of August 4050
Details
Submitted by[?]: Conservative Renew
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: August 4051
Description[?]:
| The Social Conservative 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 |
| > 25,000 GAD | 15% | 108,657,000,000 GAD |
| > 37,500 GAD | 17% | 123,144,000,000 GAD |
| > 50,000 GAD | 17% | 490,824,000,000 GAD |
| > 100,000 GAD | 17% | 786,919,000,000 GAD |
| > 250,000 GAD | 17% | 305,846,000,000 GAD | Total | 1,815,390,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 00:56:49, June 28, 2016 CET | From | Vintalli Nationalist Party | To | Debating the Income tax proposal of August 4050 |
| Message | The last brackets in this proposal are utterly pointless. |
| Date | 03:43:28, June 28, 2016 CET | From | Classical Liberal Party | To | Debating the Income tax proposal of August 4050 |
| Message | We also disagree with this tax plan. |
| Date | 22:40:01, June 28, 2016 CET | From | Green Moderates Party | To | Debating the Income tax proposal of August 4050 |
| Message | At least with the progressive income tax structure, should the corp tax be lowered, the monies gained as profits will be taxed as income by the recipients (so the theory without legislation would go). |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 300 | |||||
| no |
Total Seats: 450 | |||||
| abstain |
Total Seats: 0 |
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