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Bill: Tax Proposal of May 4374
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: January 4375
Description[?]:
| The Socialist 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 Sales tax on luxury goods.
Old value:: 15
Current: 19
Proposed: 18
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 20
Current: 10
Proposed: 22
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 |
| > 15,001 MRD | 10% | 28,115,000,000 MRD |
| > 20,001 MRD | 18% | 142,266,000,000 MRD |
| > 35,001 MRD | 25% | 193,960,000,000 MRD |
| > 55,001 MRD | 40% | 449,929,000,000 MRD |
| > 150,001 MRD | 50% | 19,226,000,000 MRD | Total | 833,496,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 434 | |||
| no |
Total Seats: 166 | |||
| abstain |
Total Seats: 0 |
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