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Bill: Income tax proposal of December 4885
Details
Submitted by[?]: Progress Party 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: August 4886
Description[?]:
| The Progress Party of Malivia propose to adjust the government's income tax policy to better address the economic situation of the Maliviya Gaṇarājya / Republic of Malivia (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 MCR | 10% | 2,845,000,000 MCR |
| > 500 MCR | 15% | 4,276,000,000 MCR |
| > 1,000 MCR | 20% | 17,103,000,000 MCR |
| > 2,500 MCR | 25% | 35,560,000,000 MCR |
| > 5,000 MCR | 30% | 57,620,000,000 MCR |
| > 10,000 MCR | 35% | 17,084,000,000 MCR |
| > 12,500 MCR | 40% | 14,311,000,000 MCR |
| > 15,000 MCR | 50% | 23,106,000,000 MCR |
| > 25,000 MCR | 60% | 7,674,000,000 MCR | Total | 179,579,000,000 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 |
| Random fact: Particracy has 464 player slots. |
| Random quote: "Envy is the cause of political division." - Democritus |