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Bill: Income tax proposal of June 2131
Details
Submitted by[?]: Malivia Democratic 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 2133
Description[?]:
The Malivia Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the United Federation 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 |
> 4,000 MCR | 4% | 5,345,000,000 MCR |
> 6,500 MCR | 9% | 8,082,000,000 MCR |
> 9,000 MCR | 17% | 12,734,000,000 MCR |
> 12,500 MCR | 25% | 8,966,000,000 MCR |
> 15,000 MCR | 45% | 10,590,000,000 MCR |
> 17,500 MCR | 50% | 5,328,000,000 MCR |
> 20,000 MCR | 55% | 13,721,000,000 MCR | Total | 64,766,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 00:16:45, October 27, 2005 CET | From | Protectorate Party | To | Debating the Income tax proposal of June 2131 |
Message | We have no problem with this tax cut. |
Date | 01:43:18, October 27, 2005 CET | From | LibCom Party | To | Debating the Income tax proposal of June 2131 |
Message | It's actually a tax increase for those earning over 17,500 Py, but we'll support. |
Date | 13:57:53, October 27, 2005 CET | From | Protectorate Party | To | Debating the Income tax proposal of June 2131 |
Message | though this does place a large burden on our middle class. > 9,000 MCR 17% 6,455,000,000 MCR compared to > 17,500 MCR 50% 2,758,000,000 MCR |
Date | 13:59:29, October 27, 2005 CET | From | Protectorate Party | To | Debating the Income tax proposal of June 2131 |
Message | the previous brackets were set so that the higher brackets each contibute more then the lower ones. |
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Voting
Vote | Seats | |||
yes | Total Seats: 143 | |||
no |
Total Seats: 88 | |||
abstain |
Total Seats: 50 |
Random fact: Particracy does not allow real-life fictional references (eg. Gandalf, Harry Potter, Luke Skywalker). |
Random quote: "The Holy Roman Empire was neither Holy, nor Roman, nor an Empire" - Voltaire |