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Bill: Income tax proposal of August 4383
Details
Submitted by[?]: Wind of Change
Status[?]: passed
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 4384
Description[?]:
| The Wind of Change 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 essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 0
Proposed: 1
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 |
| > 2,500 MCR | 18% | 5,123,000,000 MCR |
| > 3,000 MCR | 25% | 14,231,000,000 MCR |
| > 4,000 MCR | 35% | 9,962,000,000 MCR |
| > 4,500 MCR | 40% | 11,271,000,000 MCR |
| > 5,000 MCR | 48% | 13,009,000,000 MCR |
| > 5,500 MCR | 51% | 13,041,000,000 MCR |
| > 6,000 MCR | 53% | 24,256,000,000 MCR |
| > 7,000 MCR | 57% | 20,839,000,000 MCR |
| > 8,000 MCR | 60% | 18,579,000,000 MCR |
| > 9,000 MCR | 62% | 16,061,000,000 MCR |
| > 10,000 MCR | 65% | 54,993,000,000 MCR |
| > 15,000 MCR | 67% | 22,849,000,000 MCR |
| > 20,000 MCR | 69% | 8,334,000,000 MCR |
| > 25,000 MCR | 71% | 6,222,000,000 MCR |
| > 30,000 MCR | 74% | 2,459,000,000 MCR |
| > 36,000 MCR | 75% | 510,000,000 MCR | Total | 241,739,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||
| yes |
Total Seats: 314 | ||||
| no |
Total Seats: 69 | ||||
| abstain |
Total Seats: 117 |
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