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Bill: Income Tax Re-Banding Proposal
Details
Submitted by[?]: Communist 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: September 4237
Description[?]:
The Patriotic Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Mordusia. We proposing to increase the amount people can earning across the board by 5,000 MRD. We believe with the current budget surplus we can afford to lift more people out of tax and improve consumption and growth. This proposal will mean anyone earning under 30,000 MRD will be exempt from paying tax at all. We ask the house to support this measure. |
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 |
> 30,000 MRD | 5% | 50,743,000,000 MRD |
> 55,000 MRD | 7% | 39,325,000,000 MRD |
> 80,000 MRD | 10% | 30,111,000,000 MRD |
> 105,000 MRD | 15% | 45,566,000,000 MRD | Total | 165,745,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
Date | 08:31:09, July 06, 2017 CET | From | Mordusia First! | To | Debating the Income Tax Re-Banding Proposal |
Message | We do not support this because it will lead us into debt if your budget proposal is passed. |
Date | 13:10:20, July 06, 2017 CET | From | Communist Party | To | Debating the Income Tax Re-Banding Proposal |
Message | We have a huge surplus this proposal is to give some money back to people. |
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Voting
Vote | Seats | |||
yes | Total Seats: 448 | |||
no |
Total Seats: 212 | |||
abstain | Total Seats: 90 |
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