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Bill: Income tax proposal of May 4212
Details
Submitted by[?]: Fatherland Front
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: May 4213
Description[?]:
| The Fatherland Front 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 |
| > 500 MCR | 1% | 285,000,000 MCR |
| > 1,000 MCR | 3% | 1,709,000,000 MCR |
| > 2,000 MCR | 3% | 1,709,000,000 MCR |
| > 3,000 MCR | 5% | 2,849,000,000 MCR |
| > 4,000 MCR | 10% | 5,669,000,000 MCR |
| > 5,000 MCR | 25% | 47,993,000,000 MCR |
| > 10,000 MCR | 25% | 21,159,000,000 MCR |
| > 15,000 MCR | 25% | 8,532,000,000 MCR |
| > 20,000 MCR | 25% | 3,024,000,000 MCR |
| > 25,000 MCR | 50% | 4,383,000,000 MCR |
| > 30,000 MCR | 50% | 1,382,000,000 MCR |
| > 35,000 MCR | 50% | 616,000,000 MCR | Total | 99,310,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 16:24:14, May 17, 2017 CET | From | Fatherland Front | To | Debating the Income tax proposal of May 4212 |
| Message | Thoughts? |
| Date | 16:55:03, May 17, 2017 CET | From | Wind of Change | To | Debating the Income tax proposal of May 4212 |
| Message | We've been calculating and we would receive 197,675 millions of MCR while we would spend 235,900 millions of MCR approximately with the adopted reforms. That would be a 1,19% deficit, it is not too much, if there is no other possibility we will vote yes. |
| Date | 17:07:17, May 17, 2017 CET | From | Fatherland Front | To | Debating the Income tax proposal of May 4212 |
| Message | Yeah we are gonna run a small deficit. |
| Date | 17:24:55, May 17, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of May 4212 |
| Message | I think in times like this, given the many years especially under my government where we have run a surplus budget, a deficit in these crucial times in understandable as I will prefer a stimulus package to boost the economy than austerity |
| Date | 18:34:37, May 17, 2017 CET | From | Cosmopolitan Party | To | Debating the Income tax proposal of May 4212 |
| Message | I'll vote for because I don't have a great handle on the economics at this moment |
| Date | 09:39:47, May 18, 2017 CET | From | Fatherland Front | To | Debating the Income tax proposal of May 4212 |
| Message | Vote yes I need this to pass to remake the spending budget. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 243 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 126 |
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