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Bill: Income tax proposal of October 2574
Details
Submitted by[?]: National Thomasian Party
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: June 2575
Description[?]:
| The Ministry of Finance propose to adjust the government's income tax policy to reduce the tax burden on the lowest earning. |
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 |
| > 32,000 MRD | 25% | 140,866,000,000 MRD |
| > 45,000 MRD | 35% | 255,293,000,000 MRD |
| > 70,000 MRD | 50% | 395,538,000,000 MRD | Total | 791,697,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:07:35, May 11, 2008 CET | From | Mordusian Austrian Union | To | Debating the Income tax proposal of October 2574 |
| Message | This measure does not go far enough. The income tax percentage should be evenly distributed. That is the only way an income tax could even be justified as "fair" (which, an income tax being nothing more than robbery, never is). innovation and success should never be punished. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 205 | ||||
| no | Total Seats: 204 | ||||
| abstain |
Total Seats: 91 |
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