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Bill: Progressive Tax Reform
Details
Submitted by[?]: Mordusian Labour 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: September 4601
Description[?]:
The Mordusian Labour Union propose to adjust the government's income tax policy to better address the economic situation of the Republic of Mordusia. Main Points; 1. Eliminates tax requirements for those on low wages 2. Raises taxes on the two higher bands of income and allows revenue to remain largely the same |
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 |
> 35,001 MRD | 10% | 61,038,000,000 MRD |
> 50,001 MRD | 15% | 64,406,000,000 MRD |
> 65,001 MRD | 25% | 109,124,000,000 MRD |
> 90,001 MRD | 30% | 139,342,000,000 MRD | Total | 373,910,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
Date | 18:25:29, July 04, 2019 CET | From | National Conservative Council | To | Debating the Progressive Tax Reform |
Message | Mr. Speaker, While my party is against raising taxes, the MLU has introduced something with common sense for the first time. Therefore, we shall support. I yield |
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Voting
Vote | Seats | ||
yes | Total Seats: 0 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 500 |
Random fact: Large scale RP planning (such as wars, regional/continental conflicts, economic collapse, etc.) should be planned (as best as it can be) and should have consent of a majority of players involved. |
Random quote: "Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." Lester Brown, Fortune Brainstorm Conference, 2006 |