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Bill: Income Tax Proposal of May 4348
Details
Submitted by[?]: Labour 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: January 4349
Description[?]:
| The Labour Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Mordusia. |
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 | 5% | 25,539,000,000 MRD |
| > 35,000 MRD | 10% | 133,969,000,000 MRD |
| > 80,000 MRD | 15% | 51,874,000,000 MRD |
| > 110,000 MRD | 20% | 16,165,000,000 MRD |
| > 120,000 MRD | 25% | 16,741,000,000 MRD |
| > 130,000 MRD | 30% | 12,643,000,000 MRD |
| > 140,000 MRD | 35% | 10,664,000,000 MRD |
| > 150,000 MRD | 40% | 6,847,000,000 MRD |
| > 160,000 MRD | 45% | 5,741,000,000 MRD |
| > 180,000 MRD | 50% | 2,846,000,000 MRD |
| > 190,000 MRD | 55% | 1,657,000,000 MRD | Total | 284,686,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 342 | ||||
| no | Total Seats: 0 | ||||
| abstain |
Total Seats: 308 |
| Random fact: In cases where players have failed to clearly and accurately reference their nation's RP laws in the "Bills under debate" section, Moderation will rule them invalid if a challenge is made to their validity. |
| Random quote: "The more you can increase fear of drugs and crime, welfare mothers, immigrants and aliens, the more you control all the people." - Noam Chomsky |