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Bill: Income tax proposal of July 4226
Details
Submitted by[?]: Social Democratic 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 not pass any sooner than the deadline.
Voting deadline: August 4229
Description[?]:
| The Socialist Party of Gaduridos propose to adjust the government's income tax policy to better address the economic situation of the Federal Union of Gaduridos. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 8
Current: 25
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 15
Proposed: 30
Article 3
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 |
| > 10,000 GAD | 5% | 116,079,000,000 GAD |
| > 50,000 GAD | 10% | 289,163,000,000 GAD |
| > 100,000 GAD | 15% | 333,522,000,000 GAD |
| > 150,000 GAD | 25% | 383,611,000,000 GAD |
| > 200,000 GAD | 30% | 263,670,000,000 GAD |
| > 250,000 GAD | 35% | 204,718,000,000 GAD |
| > 300,000 GAD | 40% | 170,301,000,000 GAD |
| > 350,000 GAD | 45% | 356,196,000,000 GAD | Total | 2,117,260,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 05:12:43, June 15, 2017 CET | From | Gaduridos Communist Party | To | Debating the Income tax proposal of July 4226 |
| Message | We support this |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 215 | |||||
| no |
Total Seats: 276 | |||||
| abstain | Total Seats: 10 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "The goal of life is living in agreement with nature." Zeno (335 BC - 264 BC), from Diogenes Laertius, Lives of Eminent Philosophers |