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Bill: Income tax proposal of March 4522
Details
Submitted by[?]: Malivian National Rally
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: November 4522
Description[?]:
| The Federal Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Malivia. |
Proposals
Article 1
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 |
| > 500 MCR | 5% | 2,848,000,000 MCR |
| > 1,500 MCR | 20% | 11,393,000,000 MCR |
| > 2,500 MCR | 25% | 17,802,000,000 MCR |
| > 3,750 MCR | 30% | 21,277,000,000 MCR |
| > 5,000 MCR | 35% | 18,446,000,000 MCR |
| > 6,000 MCR | 40% | 18,315,000,000 MCR |
| > 7,000 MCR | 45% | 16,457,000,000 MCR |
| > 8,000 MCR | 50% | 15,485,000,000 MCR |
| > 9,000 MCR | 55% | 14,245,000,000 MCR |
| > 10,000 MCR | 60% | 50,723,000,000 MCR |
| > 15,000 MCR | 60% | 16,022,000,000 MCR |
| > 18,000 MCR | 60% | 4,429,000,000 MCR |
| > 20,000 MCR | 65% | 7,859,000,000 MCR |
| > 25,000 MCR | 65% | 5,698,000,000 MCR |
| > 30,000 MCR | 70% | 1,942,000,000 MCR |
| > 35,000 MCR | 70% | 866,000,000 MCR | Total | 223,807,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 20:20:42, January 27, 2019 CET | From | Malivian National Rally | To | Debating the Income tax proposal of March 4522 |
| Message | To increase revenue and lower the deficit |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 358 | |||
| no | Total Seats: 0 | |||
| abstain |
Total Seats: 192 |
| Random fact: Discuss flag designs at the Flag Designs thread: http://forum.particracy.net/viewtopic.php?f=5&t=37 |
| Random quote: "If I can't dance, I don't want to be part of your revolution." - Emma Goldman |