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Bill: Income tax proposal of February 4362
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: October 4362
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:: 15
Current: 18
Proposed: 16
Article 2
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 | 11% | 213,794,000,000 MRD |
| > 75,001 MRD | 19% | 109,496,000,000 MRD |
| > 130,001 MRD | 34% | 24,652,000,000 MRD |
| > 150,001 MRD | 41% | 9,906,000,000 MRD |
| > 170,001 MRD | 51% | 7,258,000,000 MRD |
| > 195,001 MRD | 57% | 94,000,000 MRD | Total | 365,200,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 09:28:48, March 13, 2018 CET | From | Labour Party | To | Debating the Income tax proposal of February 4362 |
| Message | This tax plan raises taxes by 1p on all income brackets to reduce the deficit |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 345 | ||||
| no |
Total Seats: 186 | ||||
| abstain | Total Seats: 69 |
| Random fact: http://www.fantasynamegenerators.com and http://www.behindthename.com/random are great resources for coming up with character names from unfamiliar cultures. |
| Random quote: "He who is unable to live in society, or who has no need because he is sufficient for himself, must be either a beast or a god." - Aristotle |