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Bill: Income tax proposal of April 4387
Details
Submitted by[?]: Labour Party
Status[?]: defeated
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: December 4387
Description[?]:
| The Socialist Party propose to adjust the government's income tax policy to better address the economic situation of the Commonwealth of Mordusia. |
Proposals
Article 1
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 |
| > 9,441 MRD | 10% | 24,798,000,000 MRD |
| > 13,851 MRD | 20% | 114,147,000,000 MRD |
| > 24,001 MRD | 21% | 194,333,000,000 MRD |
| > 43,431 MRD | 41% | 631,693,000,000 MRD |
| > 150,001 MRD | 50% | 19,226,000,000 MRD | Total | 984,197,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
| Date | 09:58:21, May 03, 2018 CET | From | PANEM | To | Debating the Income tax proposal of April 4387 |
| Message | The Progress Party strongly opposes this and would rather have a flat tax. This is in fact a brutal tax hike on the poorest. "Socialism" in a nutshell. |
| Date | 12:34:29, May 03, 2018 CET | From | Labour Party | To | Debating the Income tax proposal of April 4387 |
| Message | The last time Mordusia implemented a flat tax, our GDP dropped by almost 10%, and we entered into a prolonged depression. This tax plan will allow us to expand social spending to enact an economic stimulus, while keeping the deficit within 3% of GDP |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 154 | ||||
| no |
Total Seats: 146 | ||||
| abstain |
Total Seats: 60 |
| Random fact: "Spamming", or the indiscriminate posting of unsolicited messages, is not allowed. |
| Random quote: "Anarchy stands for the liberation of the human mind from the domination of religion, the liberation of the human body from the domination of property, liberation from the shackles and restraints of government." - Emma Goldman |