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Bill: Income tax proposal of August 2329
Details
Submitted by[?]: Protectorate 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: April 2331
Description[?]:
| The Protectorate Party propose to adjust the government's income tax policy to better address the economic situation of the The Most Serene Commonwealth of 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 |
| > 6,000 MCR | 3% | 3,405,000,000 MCR |
| > 9,000 MCR | 6% | 3,998,000,000 MCR |
| > 12,000 MCR | 12% | 5,288,000,000 MCR |
| > 15,000 MCR | 16% | 4,284,000,000 MCR |
| > 18,000 MCR | 20% | 2,056,000,000 MCR |
| > 21,000 MCR | 25% | 1,730,000,000 MCR |
| > 24,000 MCR | 33% | 2,846,000,000 MCR |
| > 28,000 MCR | 40% | 2,589,000,000 MCR | Total | 26,196,000,000 MCR |
Debate
These messages have been posted to debate on this bill:
| Date | 19:57:06, December 15, 2006 CET | From | Malivia Democratic Party | To | Debating the Income tax proposal of August 2329 |
| Message | Please explain why incomes between 9000 and 12000 are having their income taxes doubled from 3-6% and why 15-18K is going up from 12% to 16% The MDP supports a progressive tax rate, however going from 4 to 8 different rates unnecessarily complicates the code. |
| Date | 21:10:46, December 15, 2006 CET | From |  Protectorate Party | To | Debating the Income tax proposal of August 2329 |
| Message | Our goal is two fold. First we wanted to increase funding toward public programs such as schools and healthcare. This required additional funding. Rather then a direct increase on the different brackets we felt it better to create more brackets. Secondly we wanted to decrease the size of the income tax jumps. Previously a person earning 11000 took home, 10670, while a person earning 12K took home 10560. We sought to address these concerns by creating additional brackets. Now a person earning 11000 takes home 10340, thus encouraging individuals toward higher paying jobs. Although it is still possible to create these situations where it is better to be paid less, the ranges are smaller, and are more concentrated among the higher pay rates. |
| Date | 02:54:34, December 16, 2006 CET | From | Leviathan Party | To | Debating the Income tax proposal of August 2329 |
| Message | The LevP will be proposing a radical new tax system during the next session of the Jawatankuasa, and will hold off on discussion of these proposals until then. |
| Date | 11:07:39, December 16, 2006 CET | From | Malivia Democratic Party | To | Debating the Income tax proposal of August 2329 |
| Message | Fortunately, voting on tax proposals neither seems to increase or decrease visibility, otherwise the MDP would be forced to vote against this as it raises taxes on the middle class. The PP provides a good argument on the questions, and the MDP would be likely to support this over what the LP would possibly come up with. |
| Date | 17:57:25, December 17, 2006 CET | From | Protectorate Party | To | Debating the Income tax proposal of August 2329 |
| Message | Since the LevP is still under heavy disscussion. We propose this as an interm budget. |
| Date | 18:38:36, December 17, 2006 CET | From | Leviathan Party | To | Debating the Income tax proposal of August 2329 |
| Message | We support this while we debate the NIT. |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 103 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 97 |
| Random fact: Google Translate can help you with those language translations: https://translate.google.com/ |
| Random quote: "Hatred is gained as much by good works as by evil." - Niccolo Machiavelli |