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Bill: Income tax proposal of February 4147
Details
Submitted by[?]: Unity Labour 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 pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: October 4147
Description[?]:
The Unity Labour 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
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 | 10% | 5,701,000,000 MCR |
> 3,000 MCR | 10% | 5,701,000,000 MCR |
> 4,000 MCR | 12% | 6,806,000,000 MCR |
> 5,000 MCR | 12% | 23,048,000,000 MCR |
> 10,000 MCR | 15% | 12,691,000,000 MCR |
> 15,000 MCR | 15% | 5,118,000,000 MCR |
> 20,000 MCR | 15% | 1,816,000,000 MCR |
> 25,000 MCR | 15% | 1,316,000,000 MCR |
> 30,000 MCR | 15% | 416,000,000 MCR |
> 35,000 MCR | 17% | 210,000,000 MCR |
> 40,000 MCR | 17% | 0 MCR |
> 50,000 MCR | 17% | 0 MCR | Total | 62,823,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 04:45:27, January 07, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of February 4147 |
Message | this tax reform is one which objective is to encourage economic growth due to high purchasing power of citizens |
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Voting
Vote | Seats | ||
yes |
Total Seats: 114 | ||
no | Total Seats: 0 | ||
abstain | Total Seats: 80 |
Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
Random quote: "The problem is big government. If whoever controls government can impose his way upon you, you have to fight constantly to prevent the control from being harmful. With small, limited government, it doesn't much matter who controls it, because it can't do you much harm." - Harry Browne |