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Bill: Tax Plan of November 4360
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: December 4361
Description[?]:
| The Labour Party propose to adjust the government's tax policy to better address the economic situation of the Federal Republic of Mordusia. This Tax Plan: 1. Keeps the bottom rate at 10%, but raises the income tax threshold to 21,801MRD 2. Cuts the basic rate of tax from 20% to 18% to provide lower middle-class families with tax relief 3. Introduces two new intermediate rates of 33% and 40% for upper middle-class taxpayers 4. Keeps the higher rate of tax at 50%, but lowers the threshold to 170,001MRD 5. Introduces an additional rate of 56% for super-rich taxpayers earning 195,001MRD+ 6. Cuts corporate tax to 15% to encourage the establishment of SMEs 7. Raises the luxury goods sales tax to 10% to increase progressiveness in our tax system 8. Introduces an essential goods sales tax of 1% to increase revenue for the Treasury |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 18
Current: 10
Proposed: 15
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 7
Current: 19
Proposed: 10
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 9
Proposed: 1
Article 4
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 |
| > 21,801 MRD | 10% | 194,158,000,000 MRD |
| > 75,001 MRD | 18% | 103,650,000,000 MRD |
| > 130,001 MRD | 33% | 23,891,000,000 MRD |
| > 150,001 MRD | 40% | 9,647,000,000 MRD |
| > 170,001 MRD | 50% | 7,085,000,000 MRD |
| > 195,001 MRD | 56% | 92,000,000 MRD | Total | 338,523,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 21:04:13, March 10, 2018 CET | From | Labour Party | To | Debating the Tax Plan of November 4360 |
| Message | Any thoughts on our tax plan? I'm thinking about reducing corporate tax to 12% to encourage private-sector investment |
| Date | 23:05:12, March 10, 2018 CET | From | Labour Party | To | Debating the Tax Plan of November 4360 |
| Message | I'm sorry, are the Tea Party voting against tax cuts for working families? |
| Date | 23:25:42, March 10, 2018 CET | From | Progressive Party | To | Debating the Tax Plan of November 4360 |
| Message | As always, the Tea Party is throwing the poor and middle class under the bus just to preserve its precious tax benefits for the rich and elite. |
| Date | 09:52:14, March 11, 2018 CET | From | Labour Party | To | Debating the Tax Plan of November 4360 |
| Message | Ms. Speaker, The Tea Party have proven themselves to be complete and utter hypocrites. This tax plan cuts taxes for working-class families, people who the Tea Party claim to represent. We can safely say that the Tea Party is lying about their stance on taxes This tax bill has many concessions for them. It cuts corporation tax from 18%, which is already one of the lowest rates in the Selayan Union, to 15% The Tea Party has proven themselves to be right-wing ideologues, clinging onto disproven theories and throwing average Mordusians under the bus Farnaz Sadiq, MP for Burnham & Clydesdale Leader of the Labour Party |
| Date | 05:12:09, March 12, 2018 CET | From | Mordusia First! | To | Debating the Tax Plan of November 4360 |
| Message | Ms. Speaker, The Labour Party is full of ignorant fools who clearly can’t see that we are voting yes to their tax cut proposals. Since our foundation in 4092, the Tea Party has been committed to fight for working class families and we will never end our commitment to fight for working class families. If the Government wasn’t so ignorant, maybe they might start actually doing stuff and fixing this recession! Peter Grayson, Leader of the Tea Party |
| Date | 11:13:06, March 12, 2018 CET | From | Labour Party | To | Debating the Tax Plan of November 4360 |
| Message | Ms. Speaker, The Tea Party initially opposed this bill, so they shouldn't lie about it. Still, we are glad they've come to their senses, and have opted to support our tax plan But we, the Labour Party, are the real working-class party, as opposed to the Tea Party, who is the party of Hosian extremists and billionaire coal barons Farnaz Sadiq, Prime Minister of Mordusia Leader of the Labour Party |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 456 | |||||
| no |
Total Seats: 75 | |||||
| abstain | Total Seats: 69 |
| Random fact: Particracy has been running since 2005. Dorvik was Particracy's first nation, the Dorvik Social Democrats the first party and the International Greens the first Party Organisation. |
| Random quote: "Freedom is not worth having if it does not connote freedom to err." - Mahatma Gandhi |