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Bill: Tax Reduction Initiative
Details
Submitted by[?]: Mordusian Democratic Union
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: June 4574
Description[?]:
| This major tax reduction plan of the lowest brackets, will reduce the surplus but will increase consumer spending and as such stimulating economic growth. |
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 |
| > 20,001 MRD | 4% | 31,615,000,000 MRD |
| > 35,001 MRD | 8% | 28,796,000,000 MRD |
| > 43,431 MRD | 14% | 110,643,000,000 MRD |
| > 70,000 MRD | 20% | 64,931,000,000 MRD |
| > 90,000 MRD | 35% | 162,472,000,000 MRD | Total | 398,457,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes | Total Seats: 189 | ||||||
| no | Total Seats: 0 | ||||||
| abstain |
Total Seats: 311 |
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| Random quote: "If men want to oppose war, it is statism that they must oppose." - Ayn Rand |