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Income Tax from sales
Posted: Fri Sep 04, 2020 4:15 am
by 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%
RE: Income Tax from sales
Posted: Sat Sep 05, 2020 3:15 pm
by zgrssd
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.
RE: Income Tax from sales
Posted: Sat Sep 05, 2020 4:33 pm
by HansLemurson
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.
RE: Income Tax from sales
Posted: Sun Sep 06, 2020 8:19 am
by andyinkuwait
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%?
RE: Income Tax from sales
Posted: Wed Sep 16, 2020 3:45 pm
by andyinkuwait
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'