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Bill: Income tax proposal of July 4603
Details
Submitted by[?]: Democratic Alliance of Malivia
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: March 4604
Description[?]:
| The Democratic Alliance of Malivia 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 |
| > 1,000 MCR | 20% | 11,416,000,000 MCR |
| > 2,000 MCR | 35% | 39,957,000,000 MCR |
| > 4,000 MCR | 50% | 124,572,000,000 MCR |
| > 10,000 MCR | 60% | 86,343,000,000 MCR | Total | 262,288,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||
| yes | Total Seats: 500 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
| Random fact: Bill descriptions must be in English, or at least include a full English translation. Bill titles may appear in a language that is appropriate to the nation and are not required to be translated into English. |
| Random quote: "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." - John Maynard Keynes |