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Income tax 1.05c

 
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Income tax 1.05c - 9/3/2020 2:15:26 PM   
andyinkuwait

 

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Income tax is 20% but 38Cr is not 20% of 165 Cr




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RE: Income tax 1.05c - 9/3/2020 6:07:33 PM   
Clux


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From: Mexico
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quote:

ORIGINAL: andyinkuwait

Income tax is 20% but 38Cr is not 20% of 165 Cr





That's a misspelling, "income" its actually like "rent" and "service" tax its for every good transaction, therefore, you can't tax the workers income. If you want to receive more taxes, I would suggest you to boost your private economy, the more buildings they have, the more "rent" taxes they paid, and if you are trading with another major, make sure to set at least 25% tax on import and export tariffs, cuz you will get insane amounts of income (in one game I was getting 500-700 just from tariffs with one major)

(in reply to andyinkuwait)
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RE: Income tax 1.05c - 9/3/2020 8:22:36 PM   
andyinkuwait

 

Posts: 139
Joined: 1/9/2008
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I would like to know how to predict or calculate the 38 Cr Income Tax from the above data, given that it is set to be 20%

As far as I can see, total income is 165 Cr. 20% of that is not 38 Cr it is 33 Cr. Why?

(in reply to Clux)
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