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Bill: Income tax proposal of March 2151
Details
Submitted by[?]: Progressive Labour Party
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: June 2152
Description[?]:
The Progressive Labour 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% | 3,408,000,000 MCR |
> 9,000 MCR | 7% | 5,243,000,000 MCR |
> 12,500 MCR | 14% | 7,730,000,000 MCR |
> 17,000 MCR | 29% | 7,828,000,000 MCR |
> 25,000 MCR | 48% | 6,146,000,000 MCR | Total | 30,355,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 03:08:56, December 06, 2005 CET | From | Protectorate Party | To | Debating the Income tax proposal of March 2151 |
Message | Why are we suggesting having a middle class tax increase? |
Date | 09:08:57, December 06, 2005 CET | From | Progressive Labour Party | To | Debating the Income tax proposal of March 2151 |
Message | It is not only a middle class increase, we propose increasing the tax rate for three brackets. Our country is losing 12,433,553,893 MCR, and we need to take messures to decrease that amount. |
Date | 21:18:19, December 06, 2005 CET | From | Malivia Democratic Party | To | Debating the Income tax proposal of March 2151 |
Message | yes something needs to be done but only increasing taxes on the middle class is not the answer. |
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Voting
Vote | Seats | |||
yes | Total Seats: 221 | |||
no |
Total Seats: 215 | |||
abstain | Total Seats: 63 |
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