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Bill: Income tax proposal of September 4842
Details
Submitted by[?]: Alliance 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: May 4843
Description[?]:
| There is scope to stimulate the economy more by helping millions of our citizens to have more spending power. We anticipate that GDP and monetary surplus will benefit from this proposal, which can lead to further taxation adjustments as appropriate. |
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 |
| > 35,000 MRD | 5% | 66,902,000,000 MRD |
| > 80,000 MRD | 10% | 25,372,000,000 MRD |
| > 100,000 MRD | 15% | 25,841,000,000 MRD |
| > 120,000 MRD | 20% | 35,543,000,000 MRD | Total | 153,658,000,000 MRD |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |
| yes |
Total Seats: 302 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 63 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself." - Mark Twain |