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Bill: Income tax proposal of November 4378
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: July 4379
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% | 4,562,000,000 MCR |
| > 1,500 MCR | 15% | 4,277,000,000 MCR |
| > 2,000 MCR | 18% | 5,133,000,000 MCR |
| > 2,500 MCR | 17% | 4,848,000,000 MCR |
| > 3,000 MCR | 25% | 7,129,000,000 MCR |
| > 3,500 MCR | 26% | 7,414,000,000 MCR |
| > 4,000 MCR | 30% | 8,554,000,000 MCR |
| > 4,500 MCR | 35% | 9,880,000,000 MCR |
| > 5,000 MCR | 40% | 10,860,000,000 MCR |
| > 5,500 MCR | 42% | 10,757,000,000 MCR |
| > 6,000 MCR | 45% | 20,627,000,000 MCR |
| > 7,000 MCR | 45% | 8,680,000,000 MCR |
| > 7,500 MCR | 47% | 8,141,000,000 MCR |
| > 8,000 MCR | 50% | 7,946,000,000 MCR |
| > 8,500 MCR | 51% | 7,705,000,000 MCR |
| > 9,000 MCR | 53% | 7,124,000,000 MCR |
| > 9,500 MCR | 54% | 6,741,000,000 MCR |
| > 10,000 MCR | 55% | 46,538,000,000 MCR |
| > 15,000 MCR | 57% | 19,447,000,000 MCR |
| > 20,000 MCR | 59% | 7,143,000,000 MCR |
| > 25,000 MCR | 60% | 5,266,000,000 MCR |
| > 30,000 MCR | 61% | 1,696,000,000 MCR |
| > 35,000 MCR | 62% | 172,000,000 MCR |
| > 35,500 MCR | 63% | 606,000,000 MCR | Total | 221,246,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 208 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 542 |
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