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Bill: Simplifying Malivian Tax
Details
Submitted by[?]: Greater Malivia 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: July 4317
Description[?]:
Mr. Speaker, Right now, our income tax budget is too complex for any man to understand, the brackets and rises in tax are highly irregular and some are being taxed too much for their income bracket. This new tax bill simplifies the tax budget in 500MCR brackets with generally regular tax increases dependant on income. Furthermore, this tax bill will increase our total income by 1 Billion MCR, without increasing tax by much on a single bracket. In fact, many middle class members of Malivia (the majority of us, I believe) will likely experience a tax cut. This bill makes its money by introducing a general 4% tax rate as, due to our welfare state, we don't need to introduce no tax for those with <1000MCR incomes. This bill also increases taxes on the super-rich meaning the majority will be more prideful for Malivia! Mr. Sumit Harrison Malivian Minister of Finance Greater Malivia Party |
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 |
> 1 MCR | 4% | 2,277,000,000 MCR |
> 1,000 MCR | 8% | 2,279,000,000 MCR |
> 1,500 MCR | 10% | 2,849,000,000 MCR |
> 2,000 MCR | 12% | 3,418,000,000 MCR |
> 2,500 MCR | 14% | 3,988,000,000 MCR |
> 3,000 MCR | 20% | 5,697,000,000 MCR |
> 3,500 MCR | 24% | 6,837,000,000 MCR |
> 4,000 MCR | 28% | 7,976,000,000 MCR |
> 4,500 MCR | 32% | 9,025,000,000 MCR |
> 5,000 MCR | 36% | 9,765,000,000 MCR |
> 5,500 MCR | 39% | 9,980,000,000 MCR |
> 6,000 MCR | 42% | 19,236,000,000 MCR |
> 7,000 MCR | 45% | 8,673,000,000 MCR |
> 7,500 MCR | 47% | 8,136,000,000 MCR |
> 8,000 MCR | 49% | 7,783,000,000 MCR |
> 8,500 MCR | 51% | 7,700,000,000 MCR |
> 9,000 MCR | 53% | 7,121,000,000 MCR |
> 9,500 MCR | 54% | 6,740,000,000 MCR |
> 10,000 MCR | 55% | 46,544,000,000 MCR |
> 15,000 MCR | 57% | 19,446,000,000 MCR |
> 20,000 MCR | 59% | 7,133,000,000 MCR |
> 25,000 MCR | 60% | 5,262,000,000 MCR |
> 30,000 MCR | 61% | 1,692,000,000 MCR |
> 35,000 MCR | 62% | 172,000,000 MCR |
> 35,500 MCR | 65% | 623,000,000 MCR | Total | 210,352,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
Date | 00:13:29, December 13, 2017 CET | From | Wind of Change | To | Debating the Simplifying Malivian Tax |
Message | We like the decrease in the taxes for the poorest people, next step should be a decrease in the VAT and an increase in the luxury goods if it were possible. Nice track |
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Voting
Vote | Seats | ||||
yes |
Total Seats: 329 | ||||
no | Total Seats: 0 | ||||
abstain |
Total Seats: 134 |
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