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Bill: Progressive Tax Proposal
Details
Submitted by[?]: Libertarian Socialist Party (LSP/PSL)
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 4568
Description[?]:
| My first act as Finance Minister, to drop this inefficient flat tax and replace it with a progressive tax system.This is similar to the CCE’s proposal, just without the 90% tax and some other adjustments. Alvaro Garcia January 4568 Finance Minister 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 |
| > 15,000 GAD | 5% | 101,569,000,000 GAD |
| > 50,000 GAD | 10% | 145,098,000,000 GAD |
| > 75,000 GAD | 15% | 371,453,000,000 GAD |
| > 120,000 GAD | 30% | 356,334,000,000 GAD |
| > 150,000 GAD | 45% | 1,086,005,000,000 GAD |
| > 250,000 GAD | 50% | 798,009,000,000 GAD |
| > 500,000 GAD | 70% | 144,332,000,000 GAD | Total | 3,002,800,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 06:31:41, April 30, 2019 CET | From | Conservative Renew | To | Debating the Progressive Tax Proposal |
| Message | This tax proposal not only changes the current tax system, but it also changes our nations citizen statuses. It creates a new class of citizens, the slave class. Because people will not be working for their own Financial benefit but a majority of their money will be going to the government. We sincerely hope no party supports creation of this new slave class. Victor DeVasio Opposition Leader |
| Date | 15:07:31, April 30, 2019 CET | From | Gaduridos Freedom Party | To | Debating the Progressive Tax Proposal |
| Message | Has Garcia ignored our massive surplus, just like the rest of the SPP? We could have gone without tax for 3 years! Okay, I'm a former SCP member, but surely Rodriguez and Serpico also oppose this. What I suggest is doing this on a much smaller scale (with tax rates of 5-20%) and allowing the surplus to replace the higher tax rates. Umberto Caberra Gaduridos Freedom Party Vice Leader |
| Date | 20:56:05, April 30, 2019 CET | From | Libertarian Socialist Party (LSP/PSL) | To | Debating the Progressive Tax Proposal |
| Message | Slave class?I’m pretty sure that the rich can still afford luxuries after this tax.Also a flat tax hurts the poor and middle class, so really you guys are creating the slave class. The problem is, the only thing you’re looking at is the surplus.As a former CCE member, I can tell you that the poor and middle class are suffering under the flat tax. Alvaro Garcia August 4568 Finance Minister of Gaduridos |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 123 | |||
| no | Total Seats: 127 | |||
| abstain |
Total Seats: 0 |
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