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Bill: Income tax proposal of July 3542
Details
Submitted by[?]: Front for Abolitionism and Socialism
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: March 3543
Description[?]:
The Front for Abolitionism and Socialism propose to adjust the government's income tax policy to better address the economic situation of the Free People's 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 |
> 3,000 MCR | 5% | 8,311,000,000 MCR |
> 6,000 MCR | 10% | 11,326,000,000 MCR |
> 9,000 MCR | 15% | 9,972,000,000 MCR |
> 12,000 MCR | 20% | 15,609,000,000 MCR |
> 20,000 MCR | 27% | 5,627,000,000 MCR |
> 30,000 MCR | 35% | 1,402,000,000 MCR | Total | 52,247,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 204 | |
no | Total Seats: 0 | |
abstain | Total Seats: 95 |
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 Confusion should not be created by displaying only some of the current RP laws or displaying RP laws which are no longer current.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: "More Medicament Manufacture take the profits, workers take the factory" - Boros Norbert, former Endralonian businessman |