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Bill: Tax Moderation Act 4359
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 not pass any sooner than the deadline.
Voting deadline: May 4360
Description[?]:
| This bill will increase the deficit for the short term whilst we focus on re-inflating investment, consumption and government spending. We will hold off cutting spending until the economy has bounced back. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 18
Proposed: 18
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 5
Current: 15
Proposed: 7
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 |
| > 21,000 MRD | 10% | 198,873,000,000 MRD |
| > 75,000 MRD | 20% | 129,704,000,000 MRD |
| > 150,000 MRD | 30% | 10,643,000,000 MRD |
| > 190,000 MRD | 50% | 1,503,000,000 MRD | Total | 340,723,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 13:05:13, March 08, 2018 CET | From | Communist Party | To | Debating the Tax Moderation Act 4359 |
| Message | We call on all parties to support this bill which will drastically reduce taxation in order to re-inflate the economy. |
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Voting
| Vote | Seats | |||||||
| yes |
Total Seats: 489 | |||||||
| no | Total Seats: 0 | |||||||
| abstain | Total Seats: 111 |
| Random fact: Periodically, it is a good idea to go through your nation's Treaties and arrange to withdraw from any that are unwanted. |
| Random quote: "Hence it comes about that all armed Prophets have been victorious, and all unarmed Prophets have been destroyed." - Niccolo Machiavelli |