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Bill: Tvarivich Tax Cut 3379
Details
Submitted by[?]: Alliance Res Publica
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: May 3380
Description[?]:
| Finance Minister William Tvarivich IV proposes a shift in the income tax burden on Mordusians. The previous increase in the luxury goods tax of 10% will prevent this from causing a deficit. |
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 |
| > 25,000 MRD | 11% | 123,332,000,000 MRD |
| > 50,000 MRD | 21% | 135,236,000,000 MRD |
| > 75,000 MRD | 31% | 213,298,000,000 MRD | Total | 471,866,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 256 | ||
| no | Total Seats: 149 | ||
| abstain |
Total Seats: 345 |
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