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Bill: Income tax proposal of June 2135
Details
Submitted by[?]: Protectorate 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: February 2137
Description[?]:
| The Protectorate 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 |
| > 6,000 MCR | 3% | 3,401,000,000 MCR |
| > 9,000 MCR | 6% | 4,485,000,000 MCR |
| > 12,500 MCR | 12% | 6,613,000,000 MCR |
| > 17,000 MCR | 24% | 6,461,000,000 MCR |
| > 25,000 MCR | 48% | 6,127,000,000 MCR | Total | 27,087,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 18:42:01, November 03, 2005 CET | From |  Protectorate Party | To | Debating the Income tax proposal of June 2135 |
| Message | We are currently running a 30% surplus in our budget, this reduces the burden on our citizens by over 50%. Dropping the lowest bracket and reducing the burden placed on those earning under 12500 Py by 67% and those above 1750000 Py by about 30%. |
| Date | 19:19:17, November 03, 2005 CET | From | Protectorate Party | To | Debating the Income tax proposal of June 2135 |
| Message | sorry that's 17500 Py . |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 167 | ||||
| no |
Total Seats: 55 | ||||
| abstain |
Total Seats: 79 |
| Random fact: It is the collective responsibility of the players in a nation to ensure all currently binding RP laws are clearly outlined in an OOC reference bill in the "Bills under debate" section of the nation page. Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current. |
| Random quote: "It is obvious that the laissez-faire ideology represents the interests of big business. For decades, the right-wing has opposed welfare programs and nationalised companies, in favour of big business disguised under 'economic liberty'." - Cecilia Xu, former Gaduri politician |