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Bill: Income tax proposal of May 4376
Details
Submitted by[?]: United We Can
Status[?]: defeated
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: January 4377
Description[?]:
| The The Resistance 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:: 32
Current: 5
Proposed: 35
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 |
| > 700 MCR | 10% | 4,555,000,000 MCR |
| > 1,500 MCR | 15% | 4,270,000,000 MCR |
| > 2,000 MCR | 16% | 4,555,000,000 MCR |
| > 2,500 MCR | 17% | 4,839,000,000 MCR |
| > 3,000 MCR | 20% | 5,693,000,000 MCR |
| > 3,500 MCR | 25% | 7,117,000,000 MCR |
| > 4,000 MCR | 28% | 7,971,000,000 MCR |
| > 4,500 MCR | 32% | 9,019,000,000 MCR |
| > 5,000 MCR | 36% | 9,759,000,000 MCR |
| > 5,500 MCR | 39% | 9,974,000,000 MCR |
| > 6,000 MCR | 42% | 19,224,000,000 MCR |
| > 7,000 MCR | 45% | 8,667,000,000 MCR |
| > 7,500 MCR | 47% | 8,131,000,000 MCR |
| > 8,000 MCR | 49% | 7,778,000,000 MCR |
| > 8,500 MCR | 51% | 7,696,000,000 MCR |
| > 9,000 MCR | 53% | 7,117,000,000 MCR |
| > 9,500 MCR | 54% | 6,735,000,000 MCR |
| > 10,000 MCR | 55% | 46,513,000,000 MCR |
| > 15,000 MCR | 58% | 19,775,000,000 MCR |
| > 20,000 MCR | 62% | 7,492,000,000 MCR |
| > 25,000 MCR | 65% | 5,698,000,000 MCR |
| > 30,000 MCR | 68% | 1,886,000,000 MCR |
| > 35,000 MCR | 70% | 194,000,000 MCR |
| > 35,500 MCR | 75% | 719,000,000 MCR |
| > 40,000 MCR | 80% | 0 MCR |
| > 60,000 MCR | 85% | 0 MCR | Total | 215,377,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes |
Total Seats: 208 | |||||
| no |
Total Seats: 211 | |||||
| abstain |
Total Seats: 331 |
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