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Bill: Fixing the Deficit
Details
Submitted by[?]: Mordusian Party
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: March 2817
Description[?]:
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 MRD | 5% | 32,158,000,000 MRD |
| > 75,000 MRD | 16% | 53,941,000,000 MRD |
| > 100,000 MRD | 26% | 54,629,000,000 MRD |
| > 125,000 MRD | 36% | 36,482,000,000 MRD |
| > 150,000 MRD | 46% | 12,399,000,000 MRD |
| > 175,000 MRD | 50% | 5,751,000,000 MRD | Total | 195,360,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:14:36, September 12, 2009 CET | From | Murdusian People's Party | To | Debating the Fixing the Deficit |
| Message | To tax higher order incomes at 50% will be detrimental to not only society, but the economy. The Naso's agree income tax is necessary, given the deficit your party has developed; however the tax value is completely ridiculous. |
| Date | 13:33:26, September 12, 2009 CET | From | Mordusian Party | To | Debating the Fixing the Deficit |
| Message | The tax burden is not as ridiculously huge as it may seem when looking at the rates like this. Let's say someone earns 200 000 MRD yearly. The first 50 000 MRD will be tax free, the next 25 000 taxed at 5 %, the next 25 000 at 16 %, the next 25 000 at 26 %, the next 25 000 at 36 %, the next 25 000 at 46 %, and the last 25 000 MRD will be taxed at 50 %. This adds up to 44 750 MRD of 200 000, which is about 23 %. And the income tax was not instituted to balance the budget, we just made 1 % increases in some brackets. |
| Date | 17:04:48, September 12, 2009 CET | From | Murdusian People's Party | To | Debating the Fixing the Deficit |
| Message | Still, I believe the budget cuts will suffice. |
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Voting
| Vote | Seats | |
| yes |
Total Seats: 75 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
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