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Bill: Finance Ministers Recommendations for Income Tax 4654
Details
Submitted by[?]: Conservative Renew
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: May 4655
Description[?]:
| The Social Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Union 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 |
| > 1 GAD | 5% | 145,078,000,000 GAD |
| > 50,000 GAD | 10% | 289,130,000,000 GAD |
| > 100,000 GAD | 15% | 333,391,000,000 GAD |
| > 150,000 GAD | 25% | 603,091,000,000 GAD |
| > 250,000 GAD | 35% | 558,144,000,000 GAD |
| > 500,000 GAD | 40% | 82,645,000,000 GAD | Total | 2,011,479,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:08:06, October 25, 2019 CET | From | Gaduridos Freedom Party | To | Debating the Finance Ministers Recommendations for Income Tax 4654 |
| Message | Our only objection is taxing those who make less than 50,000 GAD. Otherwise, we are in support. |
| Date | 13:21:37, October 25, 2019 CET | From | NLP | To | Debating the Finance Ministers Recommendations for Income Tax 4654 |
| Message | We have to agree with the GFP here - instead of taxing the poorest in our society 5%, would the SCP be interested in an increase in the sales tax for luxury goods? |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 154 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 96 |
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| Random quote: "Laundry is the only thing that should be separated by color." - Author Unknown |