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Bill: Income tax proposal of August 2140
Details
Submitted by[?]: Progressive Futurists - Saor!
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: July 2141
Description[?]:
| The Progressive Futurists - Saor! propose to adjust the government's income tax policy to better address the economic situation of the Mordusian Federal Republic. This bill would take the lowest earners out of taxation all together - further boosting their spending power, and revitalising the economy. Bairbre DeBrun - Finance Minister. |
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 |
| > 18,116 MRD | 20% | 190,853,000,000 MRD |
| > 36,232 MRD | 25% | 287,370,000,000 MRD |
| > 72,464 MRD | 30% | 168,004,000,000 MRD |
| > 120,000 MRD | 33% | 45,956,000,000 MRD |
| > 150,000 MRD | 35% | 13,438,000,000 MRD | Total | 705,621,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:09:10, November 14, 2005 CET | From | Plinio's United Followers | To | Debating the Income tax proposal of August 2140 |
| Message | Again disagree, keep a flat rate for everyone and lets stop giving so much work to Accountants all over the country. |
| Date | 18:50:20, November 14, 2005 CET | From | National Thomasian Party | To | Debating the Income tax proposal of August 2140 |
| Message | makes sense to us. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 119 | |||
| no |
Total Seats: 171 | |||
| abstain | Total Seats: 13 |
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