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Bill: Income tax proposal of February 5039
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 not pass any sooner than the deadline.
Voting deadline: October 5039
Description[?]:
| The Social Conservative Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Gaduridos (Gaduridos). |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 25
Proposed: 12
Article 2
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 |
| > 12,000 GAD | 6% | 132,452,000,000 GAD |
| > 50,000 GAD | 12% | 614,324,000,000 GAD |
| > 150,000 GAD | 15% | 362,349,000,000 GAD |
| > 250,000 GAD | 25% | 399,634,000,000 GAD |
| > 500,000 GAD | 30% | 61,997,000,000 GAD | Total | 1,570,756,000,000 GAD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 300 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Particracy allows you to establish an unelected head of state like a monarch or a president-for-life, but doing this is a bit of a process. First elect a candidate with the name "." to the Head of State position. Then change your law on the "Structure of the executive branch" to "The head of state is hereditary and symbolic; the head of government chairs the cabinet" and change the "formal title of the head of state" to how you want the new head of state's title and name to appear (eg. King Percy XVI). |
| Random quote: "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting that vote." - Unknown |