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Bill: Income tax proposal of April 4515
Details
Submitted by[?]: Reform 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 4515
Description[?]:
| The Reform Party propose to adjust the government's income tax policy to better address the economic situation of the Republic 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 |
| > 5,000 MRD | 5% | 42,176,000,000 MRD |
| > 20,001 MRD | 10% | 79,037,000,000 MRD |
| > 35,001 MRD | 20% | 71,990,000,000 MRD |
| > 43,431 MRD | 25% | 197,577,000,000 MRD |
| > 70,000 MRD | 30% | 97,396,000,000 MRD |
| > 90,000 MRD | 45% | 128,946,000,000 MRD |
| > 120,000 MRD | 55% | 97,712,000,000 MRD | Total | 714,834,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes | Total Seats: 0 | |
| no | Total Seats: 0 | |
| abstain |
Total Seats: 500 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Freedom is not America's gift to the world. It is God's gift to humanity. " - George W. Bush |