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Bill: Income tax proposal of August 3910
Details
Submitted by[?]: National-Republican 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 not pass any sooner than the deadline.
Voting deadline: April 3911
Description[?]:
The Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Samajavadi Ganarajya ka Malivia (Socialist Republic of Malivia). |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 1
Article 2
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 |
> 2,500 MCR | 3% | 4,264,000,000 MCR |
> 5,000 MCR | 8% | 15,358,000,000 MCR |
> 10,000 MCR | 10% | 11,876,000,000 MCR |
> 20,000 MCR | 12% | 1,451,000,000 MCR |
> 25,000 MCR | 15% | 1,914,000,000 MCR | Total | 34,863,000,000 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 |
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