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Bill: Income tax proposal of April 4413
Details
Submitted by[?]: One Nation
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 4413
Description[?]:
| The Communist Unification of Malivia 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: 48
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 |
| > 200 MCR | 1% | 171,000,000 MCR |
| > 500 MCR | 5% | 855,000,000 MCR |
| > 800 MCR | 6% | 684,000,000 MCR |
| > 1,000 MCR | 8% | 2,279,000,000 MCR |
| > 1,500 MCR | 10% | 2,849,000,000 MCR |
| > 2,000 MCR | 15% | 5,128,000,000 MCR |
| > 2,600 MCR | 25% | 5,697,000,000 MCR |
| > 3,000 MCR | 36% | 20,510,000,000 MCR |
| > 4,000 MCR | 44% | 12,534,000,000 MCR |
| > 4,500 MCR | 52% | 14,665,000,000 MCR |
| > 5,000 MCR | 60% | 16,275,000,000 MCR |
| > 5,500 MCR | 65% | 16,633,000,000 MCR |
| > 6,000 MCR | 75% | 34,350,000,000 MCR |
| > 7,000 MCR | 80% | 29,267,000,000 MCR |
| > 8,000 MCR | 82% | 25,405,000,000 MCR |
| > 9,000 MCR | 88% | 22,807,000,000 MCR |
| > 10,000 MCR | 95% | 124,291,000,000 MCR |
| > 25,000 MCR | 96% | 8,419,000,000 MCR |
| > 30,000 MCR | 97% | 3,228,000,000 MCR |
| > 36,000 MCR | 98% | 668,000,000 MCR | Total | 346,715,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||||||
| yes |
Total Seats: 0 | ||||||
| no |
Total Seats: 174 | ||||||
| abstain |
Total Seats: 326 |
| Random fact: Particracy allows you to establish an unelected head of state like a monarch or a president-for-life, but doing this is a bit of a process. First elect a candidate with the name "." to the Head of State position. Then change your law on the "Structure of the executive branch" to "The head of state is hereditary and symbolic; the head of government chairs the cabinet" and change the "formal title of the head of state" to how you want the new head of state's title and name to appear (eg. King Percy XVI). |
| Random quote: "Don't listen to what the Communists say, but look at what they do." - Nguyen Van Thieu |