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Bill: Middle Class Tax Cut and Tax Simplification Act
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: September 4504
Description[?]:
| This will serve to reduce the tax rates for citizens of Gaduridos and simplify our system by reducing our number of brackets. This will allow serve as a tax cut for the middle class of the country. |
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 |
| > 30,000 GAD | 10% | 115,918,000,000 GAD |
| > 50,000 GAD | 15% | 433,146,000,000 GAD |
| > 100,000 GAD | 20% | 926,082,000,000 GAD |
| > 250,000 GAD | 30% | 539,872,000,000 GAD | Total | 2,015,018,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes | Total Seats: 90 | |||
| no | Total Seats: 71 | |||
| abstain | Total Seats: 89 |
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