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Bill: Income tax proposal of July 4146
Details
Submitted by[?]: Reformed Liberal Democratic 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 not pass any sooner than the deadline.
Voting deadline: August 4147
Description[?]:
| The Reformed Liberal Democratic Party propose to adjust the government's income tax policy to better address the economic situation of the Free State of Malivia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 25
Current: 5
Proposed: 99
Article 2
Proposal[?] to change Employer's rights in regards to firing striking workers.
Old value:: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Current: Employers can fire workers who are deemed to have gone on strike without reasonable reasons.
Proposed: Employers cannot fire workers who have gone on strike.
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 50
Article 4
Proposal[?] to change The right to gamble.
Old value:: The legality of gambling is a matter of local governments.
Current: Gambling is legal, but only in private homes and casinos with special licences.
Proposed: Gambling is legal across the nation, no regulation whatsoever.
Article 5
Proposal[?] to change Sales tax on luxury goods.
Old value:: 11
Current: 25
Proposed: 50
Article 6
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 |
| > 2,000 MCR | 50% | 28,526,000,000 MCR |
| > 3,000 MCR | 60% | 34,231,000,000 MCR |
| > 4,000 MCR | 99% | 56,199,000,000 MCR |
| > 5,000 MCR | 80% | 153,830,000,000 MCR |
| > 10,000 MCR | 90% | 76,307,000,000 MCR |
| > 15,000 MCR | 95% | 32,474,000,000 MCR |
| > 20,000 MCR | 99% | 11,993,000,000 MCR |
| > 25,000 MCR | 99% | 8,698,000,000 MCR |
| > 30,000 MCR | 99% | 2,746,000,000 MCR |
| > 35,000 MCR | 99% | 1,224,000,000 MCR |
| > 40,000 MCR | 99% | 0 MCR | Total | 406,228,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 01:56:22, January 06, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of July 4146 |
| Message | Greetings Mr President. Why not create a tax proposal that will encourage spending by consumers thus also encouraging economic growth and investment? That 90% tax on corporations will discourage investment. Also the law on workers right to strike will be catastrophic for businesses as workers will strike for any reason even though not justified,thus can hurt businesses |
| Date | 02:03:30, January 06, 2017 CET | From | Republican Party | To | Debating the Income tax proposal of July 4146 |
| Message | Greetings Mr. President. I second the Unity Labour Party's position and strongly urge that this bill is immediately canceled as I believe raising taxes like this will bring our people into stagnation. -Republican Party |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no | Total Seats: 250 | |||
| abstain | Total Seats: 0 |
| Random fact: Moderation reserves the discretion to declare RP laws invalid if the players supporting them are doing so in an excessively confrontational way. |
| Random quote: "No man can outrun a bullet." - Idi Amin |