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Bill: Income tax proposal of June 4545
Details
Submitted by[?]: National People's Party
Status[?]: defeated
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: February 4546
Description[?]:
| The National People's 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 |
| > 100 MCR | 10% | 5,129,000,000 MCR |
| > 1,000 MCR | 15% | 8,548,000,000 MCR |
| > 2,000 MCR | 20% | 34,137,000,000 MCR |
| > 5,000 MCR | 25% | 13,181,000,000 MCR |
| > 6,000 MCR | 30% | 13,741,000,000 MCR |
| > 7,000 MCR | 46% | 16,829,000,000 MCR |
| > 8,000 MCR | 50% | 15,490,000,000 MCR |
| > 9,000 MCR | 50% | 12,954,000,000 MCR |
| > 10,000 MCR | 50% | 42,282,000,000 MCR |
| > 15,000 MCR | 50% | 13,357,000,000 MCR |
| > 18,000 MCR | 50% | 3,692,000,000 MCR |
| > 20,000 MCR | 50% | 6,048,000,000 MCR |
| > 25,000 MCR | 50% | 4,385,000,000 MCR |
| > 30,000 MCR | 50% | 1,389,000,000 MCR |
| > 35,000 MCR | 50% | 619,000,000 MCR | Total | 191,781,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 14:02:17, March 15, 2019 CET | From | National People's Party | To | Debating the Income tax proposal of June 4545 |
| Message | The rich are too highly taxed . So, in order to give them relief, I propose that we reduce the tax rates and cap it at 50% |
| Date | 17:09:06, March 15, 2019 CET | From | Raktavani National Party | To | Debating the Income tax proposal of June 4545 |
| Message | Mr. Speaker, We fully agree with the NPP that taxation is too high generally, and that in particular, the highest marginal rate of tax - at 72% - is excessive. However: (a) We need to see tax reductions accompanied by public spending reductions, so as to avoid an excessive budget deficit. (b) We would like to see the benefits of a tax reduction extended to those at the bottom as well as those at the top. Amish Padagavakar Prime Minister |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 535 | ||||
| abstain |
Total Seats: 165 |
| Random fact: In general, role-play requires the consent of all players. |
| Random quote: "Without opposition there is no politics." - Alun Daffys, former Alorian politician |