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Bill: Income tax proposal of August 4549
Details
Submitted by[?]: The Republican Party (Capitalist)
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: April 4550
Description[?]:
| The The Republican Party propose to adjust the government's income tax policy to better address the economic situation of the Federal Republic of Malivia / Maliviya Kā Saṃghīya Gaṇtaṃtra (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 |
| > 1,500 MCR | 12% | 6,858,000,000 MCR |
| > 2,500 MCR | 18% | 12,859,000,000 MCR |
| > 3,750 MCR | 24% | 10,288,000,000 MCR |
| > 4,500 MCR | 28% | 22,726,000,000 MCR |
| > 6,000 MCR | 34% | 15,617,000,000 MCR |
| > 7,000 MCR | 38% | 13,941,000,000 MCR |
| > 8,000 MCR | 44% | 13,669,000,000 MCR |
| > 9,000 MCR | 48% | 12,470,000,000 MCR |
| > 10,000 MCR | 50% | 71,964,000,000 MCR | Total | 180,392,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||
| yes | Total Seats: 111 | |||
| no | Total Seats: 271 | |||
| abstain |
Total Seats: 318 |
| Random fact: To see what other nations are up to and to actively involve yourself in international activities: check the Roleplaying section on the forum! Don't be shy to make a news post about your party's recent achievements. |
| Random quote: "The theory of Communism may be summed up in the single sentence: abolition of private property." - Karl Marx |