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Bill: Income tax proposal of April 4182
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 not pass any sooner than the deadline.
Voting deadline: April 4183
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
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 15
Current: 0
Proposed: 17
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 |
| > 2,000 MCR | 3% | 1,710,000,000 MCR |
| > 3,000 MCR | 3% | 1,710,000,000 MCR |
| > 4,000 MCR | 5% | 2,835,000,000 MCR |
| > 5,000 MCR | 15% | 28,800,000,000 MCR |
| > 10,000 MCR | 36% | 30,448,000,000 MCR |
| > 15,000 MCR | 40% | 13,643,000,000 MCR |
| > 20,000 MCR | 40% | 4,842,000,000 MCR |
| > 25,000 MCR | 40% | 3,510,000,000 MCR |
| > 30,000 MCR | 40% | 1,110,000,000 MCR |
| > 35,000 MCR | 35% | 433,000,000 MCR | Total | 89,041,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 14:47:05, March 18, 2017 CET | From |  Unity Labour Party | To | Debating the Income tax proposal of April 4182 |
| Message | I hereby move a motion that this budgetary bill be read for the first time. |
| Date | 07:49:31, March 19, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of April 4182 |
| Message | i hereby move a motion that this bill be passed successfully |
| Date | 07:50:33, March 19, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of April 4182 |
| Message | This bill will lead to enhanced economic growth and increase in surplus |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 438 | |||
| no |
Total Seats: 228 | |||
| abstain | Total Seats: 34 |
| Random fact: The voters enjoy active parties who take upon themselves the initiative to create laws. |
| Random quote: "A strong body makes the mind strong. As to the species of exercises, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise and independence to the mind. Games played with the ball, and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun therefore be your constant companion of your walks." - Thomas Jefferson |