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Bill: Income tax proposal of July 4066
Details
Submitted by[?]: 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 4067
Description[?]:
The socialist 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 | 10% | 145,169,000,000 GAD |
> 75,000 GAD | 10% | 115,955,000,000 GAD |
> 95,000 GAD | 10% | 491,914,000,000 GAD |
> 250,000 GAD | 10% | 166,178,000,000 GAD |
> 550,000 GAD | 10% | 14,061,000,000 GAD | Total | 933,277,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
Date | 23:01:54, July 29, 2016 CET | From | Classical Liberal Party | To | Debating the Income tax proposal of July 4066 |
Message | Seeing how the flat income tax of 10% would cause an absolutely massive deficit in the budget, we will obviously vote against it. |
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Voting
Vote | Seats | |||
yes | Total Seats: 0 | |||
no |
Total Seats: 296 | |||
abstain | Total Seats: 104 |
Random fact: Particracy has 464 player slots. |
Random quote: "There are many men of principle in both parties in America, but there is no party of principle." - Alexis de Tocqueville |