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Bill: Income tax proposal of August 4244
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 not pass any sooner than the deadline.
Voting deadline: April 4245
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
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 27
Current: 5
Proposed: 8
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 36
Current: 25
Proposed: 50
Article 3
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 16
Current: 0
Proposed: 6
Article 4
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 |
> 250 MCR | 20% | 2,849,000,000 MCR |
> 500 MCR | 20% | 2,849,000,000 MCR |
> 750 MCR | 20% | 2,849,000,000 MCR |
> 1,000 MCR | 25% | 7,122,000,000 MCR |
> 1,500 MCR | 25% | 7,122,000,000 MCR |
> 2,000 MCR | 25% | 7,122,000,000 MCR |
> 2,500 MCR | 30% | 8,547,000,000 MCR |
> 3,000 MCR | 30% | 8,547,000,000 MCR |
> 3,500 MCR | 30% | 8,547,000,000 MCR |
> 4,000 MCR | 30% | 8,547,000,000 MCR |
> 4,500 MCR | 30% | 8,461,000,000 MCR |
> 5,000 MCR | 50% | 167,797,000,000 MCR | Total | 240,359,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 09:16:56, July 21, 2017 CET | From | Fatherland Front | To | Debating the Income tax proposal of August 4244 |
Message | Please vote yes this is more of an experiment rather than a real tax bill. |
Date | 16:37:01, July 21, 2017 CET | From | Unity Labour Party | To | Debating the Income tax proposal of August 4244 |
Message | I support. |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 450 | ||||
no |
Total Seats: 0 | ||||
abstain | Total Seats: 0 |
Random fact: "Treaty-locking", or ratifiying treaties that completely or nearly completely forbid any proposals to change laws, is not allowed. Amongst other possible sanctions, Moderation reserves the discretion to delete treaties and/or subject parties to a seat reset if this is necessary in order to reverse a treaty-lock situation. |
Random quote: "I'm not an environmentalist. I'm an earth warrior." - Darryl Cherney |