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Bill: Income tax proposal of July 4160
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: March 4161
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 | 15% | 8,547,000,000 MCR |
| > 3,000 MCR | 17% | 9,686,000,000 MCR |
| > 4,000 MCR | 20% | 11,338,000,000 MCR |
| > 5,000 MCR | 25% | 47,994,000,000 MCR |
| > 10,000 MCR | 35% | 29,623,000,000 MCR |
| > 15,000 MCR | 35% | 11,945,000,000 MCR |
| > 20,000 MCR | 35% | 4,233,000,000 MCR |
| > 25,000 MCR | 45% | 3,944,000,000 MCR |
| > 30,000 MCR | 45% | 1,243,000,000 MCR |
| > 35,000 MCR | 45% | 554,000,000 MCR | Total | 129,107,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes |
Total Seats: 750 | ||
| no | Total Seats: 0 | ||
| abstain |
Total Seats: 0 |
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