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Bill: Income tax proposal of September 4490
Details
Submitted by[?]: United We Can
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: May 4491
Description[?]:
| The Platform of Citizen Action propose to adjust the government's income tax policy to better address the economic situation of the Federal Socialist Republic of Malivia. |
Proposals
Article 1
Proposal[?] to change Tax percentage of the profit made by corporations.
Old value:: 12
Current: 5
Proposed: 25
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 19
Current: 25
Proposed: 38
Article 3
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 | 1% | 228,000,000 MCR |
| > 500 MCR | 5% | 2,850,000,000 MCR |
| > 1,500 MCR | 20% | 11,399,000,000 MCR |
| > 2,500 MCR | 25% | 35,551,000,000 MCR |
| > 5,000 MCR | 35% | 47,296,000,000 MCR |
| > 8,000 MCR | 40% | 22,764,000,000 MCR |
| > 10,000 MCR | 45% | 38,096,000,000 MCR |
| > 15,000 MCR | 51% | 17,409,000,000 MCR |
| > 20,000 MCR | 53% | 6,412,000,000 MCR |
| > 25,000 MCR | 55% | 7,021,000,000 MCR | Total | 189,026,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 351 | ||
| no |
Total Seats: 349 | ||
| abstain | Total Seats: 0 |
| Random fact: You can inactivate yourself on your User Page. You will then lose all your seats but your party account won't be deleted, and your party's Visibility ratings will not diminish. Reactivation can be requested in the "Reactivation Requests" thread in the Game Moderation section of the Particracy Forum. |
| Random quote: "The truth is that men are tired of liberty." - Benito Mussolini |