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Bill: Income tax proposal of August 4552
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 not pass any sooner than the deadline.
Voting deadline: April 4553
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). Tax cuts for the middle class and poor do better. Middle-income families are likely to spend the tax cuts. During a recession, they need every dollar they can get. They pump the money directly into local shops, who hire more workers to meet the increased demand. |
Proposals
Article 1
Proposal[?] to change Sales tax on essential goods such as food and non-luxury clothing.
Old value:: 5
Current: 0
Proposed: 6
Article 2
Proposal[?] to change Sales tax on luxury goods.
Old value:: 15
Current: 25
Proposed: 13
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 |
| > 3,750 MCR | 30% | 12,858,000,000 MCR |
| > 4,500 MCR | 32% | 25,970,000,000 MCR |
| > 6,000 MCR | 35% | 16,076,000,000 MCR |
| > 7,000 MCR | 38% | 13,940,000,000 MCR |
| > 8,000 MCR | 46% | 14,290,000,000 MCR |
| > 9,000 MCR | 52% | 13,510,000,000 MCR |
| > 10,000 MCR | 55% | 79,171,000,000 MCR | Total | 175,815,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes | Total Seats: 175 | |
| no | Total Seats: 283 | |
| abstain | Total Seats: 242 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "Depressions and mass unemployment are not caused by the free market but by government interference in the economy." - Ludwig von Mises |