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Bill: Income tax proposal of August 2437
Details
Submitted by[?]: Liberal Party of Malivia
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 2438
Description[?]:
| The Liberal Party of Malivia propose to adjust the government's income tax policy to better address the economic situation of the Gerajan Republic of Malivia. |
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 |
| > 12,000 MCR | 6% | 4,687,000,000 MCR |
| > 20,000 MCR | 16% | 3,338,000,000 MCR |
| > 30,000 MCR | 30% | 1,203,000,000 MCR | Total | 9,228,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 18:31:18, August 01, 2007 CET | From | Liberal Party of Malivia | To | Debating the Income tax proposal of August 2437 |
| Message | As promised a bracket-wide Tax cut, focusing on the lower and middle income families. |
| Date | 19:44:53, August 02, 2007 CET | From |  Protectorate Party | To | Debating the Income tax proposal of August 2437 |
| Message | We prefer a larger number of brackets. someone making 19,000 takes home 17860, while someone making 20000 takes home 17600. More brackets with smaller steps keeps this to a min. |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 243 | |||||
| no |
Total Seats: 64 | |||||
| abstain |
Total Seats: 143 |
| Random fact: Check out the forum regularly for game news. http://forum.particracy.net/ |
| Random quote: "Politics is the art of the possible." - Otto von Bismarck |