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Income Tax from sales

 
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Income Tax from sales - 9/4/2020 7:15:54 AM   
andyinkuwait

 

Posts: 111
Joined: 1/9/2008
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Anyone know how the tax is calculated for sales? Quoting from a few Zone Reports

Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)

My Income Tax rate is 20%
Post #: 1
RE: Income Tax from sales - 9/5/2020 6:15:48 PM   
zgrssd

 

Posts: 1492
Joined: 6/9/2020
Status: offline
quote:

ORIGINAL: andyinkuwait

Anyone know how the tax is calculated for sales? Quoting from a few Zone Reports

Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)

My Income Tax rate is 20%

The math does match up:
9 * 33% = 3
34*20% = 6,8 = 7
23*22% = 5,06 = 5
8*25% = 4

No idea where those figures come from a 20% tax rate either.

< Message edited by zgrssd -- 9/5/2020 6:17:49 PM >

(in reply to andyinkuwait)
Post #: 2
RE: Income Tax from sales - 9/5/2020 7:33:39 PM   
HansLemurson

 

Posts: 133
Joined: 7/28/2020
Status: offline
Everything seems like it could be due to simple rounding, except for 3 credits from 9 trade. 20% of 9 is 1.8, which shouldn't round to 3.

(in reply to zgrssd)
Post #: 3
RE: Income Tax from sales - 9/6/2020 11:19:06 AM   
andyinkuwait

 

Posts: 111
Joined: 1/9/2008
Status: offline
No, no those percentages are MY calculations. The only reported values are the numbers.

The issue is why are these percentages different and why aren't they all 20%?

(in reply to HansLemurson)
Post #: 4
RE: Income Tax from sales - 9/16/2020 6:45:52 PM   
andyinkuwait

 

Posts: 111
Joined: 1/9/2008
Status: offline
Still really confused on this issue and no joy from Vic.

I would have thought, as Supreme Leader, I would at least know how my own income tax system worked !!

Maybe I'm misunderstanding the English used e.g. 'Income tax over that'



< Message edited by andyinkuwait -- 9/16/2020 6:48:16 PM >

(in reply to andyinkuwait)
Post #: 5
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