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Bill: Economic Stimulus Package - Phase 1
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 not pass any sooner than the deadline.
Voting deadline: May 4354
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
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 5
Current: 22
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 18
Proposed: 10
Article 3
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 |
> 35,000 MRD | 10% | 61,158,000,000 MRD |
> 50,000 MRD | 15% | 109,234,000,000 MRD |
> 80,000 MRD | 25% | 63,517,000,000 MRD |
> 100,000 MRD | 28% | 67,057,000,000 MRD |
> 130,000 MRD | 33% | 23,951,000,000 MRD |
> 150,000 MRD | 37% | 8,940,000,000 MRD |
> 170,000 MRD | 43% | 2,445,000,000 MRD |
> 180,000 MRD | 48% | 2,729,000,000 MRD |
> 190,000 MRD | 52% | 1,565,000,000 MRD | Total | 340,596,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | ||||
yes |
Total Seats: 316 | ||||
no |
Total Seats: 284 | ||||
abstain |
Total Seats: 0 |
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