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Bill: Income Tax Reforms
Details
Submitted by[?]: Kongres Kebangsaan 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: June 3741
Description[?]:
The Government has decided to restructure the income tax system in its entirety and will introduce a progressive system which takes into account - the ability to pay. Meor Baizura Incoming Finance Minister |
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 | 22% | 36,667,000,000 MCR |
> 6,000 MCR | 33% | 37,483,000,000 MCR |
> 9,000 MCR | 42% | 28,014,000,000 MCR |
> 12,000 MCR | 50% | 22,060,000,000 MCR |
> 15,000 MCR | 57% | 15,277,000,000 MCR |
> 18,000 MCR | 64% | 20,672,000,000 MCR | Total | 160,173,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
Vote | Seats | |
yes | Total Seats: 500 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
Random fact: In cases where a party has no seat, the default presumption should be that the party is able to contribute to debates in the legislature due to one of its members winning a seat at a by-election. However, players may collectively improvise arrangements of their own to provide a satisfying explanation for how parties with no seats in the legislature can speak and vote there. |
Random quote: "Terror is only justice: prompt, severe and inflexible; it is then an emanation of virtue; it is less a distinct principle than a natural consequence of the general principle of democracy, applied to the most pressing wants of the country." - Maximilien Robespierre |