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Bill: Income tax proposal of March 3824
Details
Submitted by[?]: Rashtriya Janata Dal
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: November 3824
Description[?]:
| The Rashtriya Janata Dal propose to adjust the government's income tax policy to better address the economic situation of the Samrajya Malivia. Eventually the Rich will pay more taxes. |
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 |
| > 3,750 MCR | 5% | 712,000,000 MCR |
| > 4,000 MCR | 10% | 1,425,000,000 MCR |
| > 4,250 MCR | 15% | 2,137,000,000 MCR |
| > 4,500 MCR | 40% | 5,687,000,000 MCR |
| > 4,750 MCR | 41% | 5,735,000,000 MCR |
| > 5,000 MCR | 42% | 11,394,000,000 MCR |
| > 5,500 MCR | 55% | 14,075,000,000 MCR |
| > 6,000 MCR | 60% | 83,557,000,000 MCR |
| > 10,000 MCR | 80% | 114,829,000,000 MCR | Total | 239,551,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes |
Total Seats: 311 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 189 |
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