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Bill: NLP Modifications to Taxation
Details
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: October 4648
Description[?]:
| We propose a flatter tax system that does not discourage entrepreneurship and economic dynamism, which reduces the overall taxes imposed on the middle class, and a higher tax-free zone of 50,000GAD for our poorest citizens. |
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% | 289,001,000,000 GAD |
| > 100,000 GAD | 15% | 333,320,000,000 GAD |
| > 150,000 GAD | 40% | 1,684,910,000,000 GAD | Total | 2,307,231,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 102 | ||
| no | Total Seats: 45 | ||
| abstain | Total Seats: 103 |
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