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Bill: Income Tax Reduction Act
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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: July 4397
Description[?]:
| The Libertarian 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 |
| > 12,701 MRD | 15% | 126,761,000,000 MRD |
| > 27,701 MRD | 25% | 306,239,000,000 MRD |
| > 58,101 MRD | 35% | 222,323,000,000 MRD |
| > 92,001 MRD | 45% | 198,113,000,000 MRD | Total | 853,436,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 268 | ||||
| no |
Total Seats: 60 | ||||
| abstain | Total Seats: 32 |
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