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Bill: Income tax proposal of April 4253
Details
Status[?]: defeated
Votes: This bill asks for an amendement to the Constitution. It will require two-thirds of the legislature to vote in favor. This bill will not pass any sooner than the deadline.
Voting deadline: December 4253
Description[?]:
| The Liberals 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 The total number of seats in the legislative assembly. Should be between 75 and 750.
Old value:: 450
Current: 470
Proposed: 400
Article 2
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 8
Current: 5
Proposed: 6
Article 3
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% | 17,093,000,000 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 | 240,358,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 142 | |||
| no |
Total Seats: 244 | |||
| abstain |
Total Seats: 64 |
| Random fact: Never use the same password as a friend. If two or more active accounts use the same password, they will be inactivated. |
| Random quote: "Radical left-wing ideologies must be stamped out." - Franklin McCarthy, former Solentian politician |