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Bill: Income tax proposal of May 4862
Details
Submitted by[?]: Akhil Maliviya Congress Party
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: May 4863
Description[?]:
The Akhil Maliviya Congress Party propose to adjust the government's income tax policy to better address the economic situation of the Avibhājya Maliviya Sāmrājya / Greater Malivian Empire (Malivia). As finance minister i propose this bill to add a new bracket for taxing ----- Upen Dhanraj Finance minister |
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 |
> 2,500 MCR | 20% | 28,405,000,000 MCR |
> 5,000 MCR | 40% | 76,747,000,000 MCR |
> 10,000 MCR | 44% | 63,163,000,000 MCR | Total | 168,315,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
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Vote | Seats | |
yes | Total Seats: 540 | |
no | Total Seats: 0 | |
abstain | Total Seats: 0 |
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