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Bill: OOC: Urgent correction of recent Income Tax Bill
Details
Submitted by[?]: Hosian Civic Union
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: December 4266
Description[?]:
| OOC: The figures were incorrect and if you look at the budget you will see why this needs to be done. |
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 |
| > 10,000 GAD | 5% | 115,964,000,000 GAD |
| > 50,000 GAD | 10% | 288,879,000,000 GAD |
| > 100,000 GAD | 15% | 333,190,000,000 GAD |
| > 150,000 GAD | 20% | 306,595,000,000 GAD |
| > 200,000 GAD | 25% | 219,532,000,000 GAD |
| > 250,000 GAD | 30% | 175,327,000,000 GAD |
| > 300,000 GAD | 35% | 148,898,000,000 GAD |
| > 350,000 GAD | 40% | 107,903,000,000 GAD |
| > 400,000 GAD | 45% | 234,549,000,000 GAD | Total | 1,930,837,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 352 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 149 |
| Random fact: Don't put "the" as the first word in your party name, because when parties are referred to in news reports, their names are preceded with "the", e.g. the [Socialist Party] has lost. |
| Random quote: "The man who prefers his country before any other duty shows the same spirit as the man who surrenders every right to the state. They both deny that right is superior to authority." - John Dalberg-Acton |