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Bill: Stabilization of the national collection system
Details
Submitted by[?]: Rainbow League
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: May 4439
Description[?]:
| The Green - Rainbow party propose to adjust the government's stabilization of the national collection system, and free part of the fiscal pressure to encourage consumption, revitalize the economy, and enhance the entrepreneurial enterprise necessary for the proper economic development of the nation. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 35
Current: 5
Proposed: 32
Article 2
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 0
Current: 0
Proposed: 5
Article 3
Proposal[?] to change Sales tax on luxury goods.
Old value:: 50
Current: 25
Proposed: 42
Article 4
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 |
| > 100 MCR | 3% | 343,000,000 MCR |
| > 300 MCR | 5% | 571,000,000 MCR |
| > 500 MCR | 6% | 857,000,000 MCR |
| > 750 MCR | 8% | 1,143,000,000 MCR |
| > 1,000 MCR | 10% | 5,715,000,000 MCR |
| > 2,000 MCR | 15% | 8,572,000,000 MCR |
| > 3,000 MCR | 18% | 10,286,000,000 MCR |
| > 4,000 MCR | 20% | 11,372,000,000 MCR |
| > 5,000 MCR | 25% | 13,217,000,000 MCR |
| > 6,000 MCR | 30% | 13,779,000,000 MCR |
| > 7,000 MCR | 35% | 12,840,000,000 MCR |
| > 8,000 MCR | 40% | 12,426,000,000 MCR |
| > 9,000 MCR | 45% | 11,691,000,000 MCR |
| > 10,000 MCR | 50% | 42,402,000,000 MCR |
| > 15,000 MCR | 60% | 20,517,000,000 MCR |
| > 20,000 MCR | 65% | 16,217,000,000 MCR | Total | 181,948,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 18:40:19, August 13, 2018 CET | From | Wind of Change | To | Debating the Stabilization of the national collection system |
| Message | We don't accept article 2 nor 3 |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 181 | ||||||
| no |
Total Seats: 569 | ||||||
| abstain | Total Seats: 0 |
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| Random quote: "All within the state; nothing outside the state; nothing against the state." - Benito Mussolini |