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Bill: Income tax proposal of April 4381
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: December 4381
Description[?]:
| The MORENA 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 Sales tax on luxury goods.
Old value:: 32
Current: 25
Proposed: 40
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% | 4,558,000,000 MCR |
| > 1,500 MCR | 15% | 4,274,000,000 MCR |
| > 2,000 MCR | 16% | 4,558,000,000 MCR |
| > 2,500 MCR | 18% | 5,128,000,000 MCR |
| > 3,000 MCR | 25% | 14,245,000,000 MCR |
| > 4,000 MCR | 45% | 12,821,000,000 MCR |
| > 4,500 MCR | 48% | 13,538,000,000 MCR |
| > 5,000 MCR | 50% | 13,564,000,000 MCR |
| > 5,500 MCR | 53% | 13,563,000,000 MCR |
| > 6,000 MCR | 55% | 25,189,000,000 MCR |
| > 7,000 MCR | 58% | 21,217,000,000 MCR |
| > 8,000 MCR | 62% | 35,267,000,000 MCR |
| > 10,000 MCR | 65% | 92,494,000,000 MCR |
| > 35,000 MCR | 70% | 194,000,000 MCR |
| > 35,500 MCR | 75% | 720,000,000 MCR | Total | 261,330,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 202 | |||
| no |
Total Seats: 204 | |||
| abstain | Total Seats: 94 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has." - Margaret Mead |