NationStates

Vedastia wrote:

Arkhastok wrote:
I have added myself to the database

For the record, I added you to the NPP's roster when I saw that you had been approved.

Ah alright, should be good then thanks

For the rational tax scheme by Marius what does income tax subsidy rate of 75% mean? Is it like you can get tax credits if your income is 75% of the income tax exemption level which is 15,000?

Borovan entered the region as he wrote:For the rational tax scheme by Marius what does income tax subsidy rate of 75% mean? Is it like you can get tax credits if your income is 75% of the income tax exemption level which is 15,000?

Basically, those terms are part of how Negative Income Tax works. Basically, there's a cutoff point (in this case $15,000). Above that point, income starts getting taxed normally, in the income brackets included in the bill, simple enough.

If your income is below the $15,000 cutoff point, you benefit from Negative Income Tax. This is basically a credit from the government to you, based on your income. Where NIT means the amount paid in NIT to you, CO means cutoff value, INC means your regular income, and SR means the subsidy ratio, the formula looks like this:

NIT = (CO - INC) * SR

You see how far you are from reaching the cutoff point (the difference between that and your income), and that difference is credited at the established subsidy ratio, in this bill that is 75%. Here's a handful of examples using the numbers from the bill.

Annual Income: $0
$15,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $11,250 (15000*0.75)
Adjusted Income: $11,250

Annual Income: $5,000
$10,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $7,500 (10000*0.75)
Adjusted Income: $12,500

Annual Income: $10,000
$5,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $3,750 (5000*0.75)
Adjusted Income: $13,750

Annual Income: $15,000
$0 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $0 (0*0.75)
Adjusted Income: $15,000

You can see, this creates a floor of sorts, so people in bad circumstances aren't thrown into poverty. However, earning money yourself always increases your actual income, there is no way to accidentally unqualify for support by getting a job, and losing income. Income earned after the fifteen thousandth dollar is taxed like in a normal progressive income tax model.

I hope that helps you understand, but I'm happy to answer any more questions.

NOTE: The Saint Hilda Cartographic Society, and all maps/information related to them, are unofficial and not admin-approved at this time.

The Saint Hilda Cartographic Society is now keeping track of the 46 Parliamentary constituencies of Saint Hilda. You can find the relevant information here.

If you would like to apply to provide information for a constituency (including a name, the parliamentarian representing the constituency, and the party represented), please telegram the information to this account in the following format.

Code: Select all

[b]SHCS Constituency Information Form[/b]
[b]Constituency ID:[/b]
[b]Constituency Name:[/b]
[b]Constituency Representative:[/b]
[b]Representative's Party:[/b]
[b]Any relevant database links:[/b]

The Saint Hilda Cartographic Society reserves the right to refuse applications, and/or rename constituencies, if and when that may be helpful to building a realistic and interesting projection of the nation.

Saint Hilda Cartographic Society wrote:NOTE: The Saint Hilda Cartographic Society, and all maps/information related to them, are unofficial and not admin-approved at this time.

The Saint Hilda Cartographic Society is now keeping track of the 46 Parliamentary constituencies of Saint Hilda. You can find the relevant information here.

If you would like to apply to provide information for a constituency (including a name, the parliamentarian representing the constituency, and the party represented), please telegram the information to this account in the following format.

Code: Select all

[b]SHCS Constituency Information Form[/b]
[b]Constituency ID:[/b]
[b]Constituency Name:[/b]
[b]Constituency Representative:[/b]
[b]Representative's Party:[/b]
[b]Any relevant database links:[/b]

The Saint Hilda Cartographic Society reserves the right to refuse applications, and/or rename constituencies, if and when that may be helpful to building a realistic and interesting projection of the nation.

If you are not admin approved you can’t change constituency names

The Archipelago Territory wrote:

Saint Hilda Cartographic Society wrote:NOTE: The Saint Hilda Cartographic Society, and all maps/information related to them, are unofficial and not admin-approved at this time.

The Saint Hilda Cartographic Society is now keeping track of the 46 Parliamentary constituencies of Saint Hilda. You can find the relevant information here.

If you would like to apply to provide information for a constituency (including a name, the parliamentarian representing the constituency, and the party represented), please telegram the information to this account in the following format.

Code: Select all

[b]SHCS Constituency Information Form[/b]
[b]Constituency ID:[/b]
[b]Constituency Name:[/b]
[b]Constituency Representative:[/b]
[b]Representative's Party:[/b]
[b]Any relevant database links:[/b]

The Saint Hilda Cartographic Society reserves the right to refuse applications, and/or rename constituencies, if and when that may be helpful to building a realistic and interesting projection of the nation.

If you are not admin approved you can’t change constituency names

chill

Vienna Eliot wrote:

The Archipelago Territory wrote:
If you are not admin approved you can’t change constituency names

chill

I support the map I’m just saying he can’t change the names of our constituencies

The Archipelago Territory wrote:

Vienna Eliot wrote:chill

I support the map I’m just saying he can’t change the names of our constituencies

The Saint Hilda Cartographic Society can not force anyone to change the names they use for their constituencies, but we very much can refuse to place someone on our map if we disagree with their name.

SHCS Constituency Information Form
Constituency ID: 2
Constituency Name: New Karlskrona
Constituency Representative: Austin Miller
Representative's Party: SHAPC
Any relevant database links: viewtopic.php?f=31&t=465671&p=35894527&hilit=The+archipelago+territory#p35894527

The Archipelago Territory wrote:I support the map I’m just saying he can’t change the names of our constituencies

Also, the admins have nothing to do with constituency names, they were made up by the player.

Saint Hilda Cartographic Society wrote:

The Archipelago Territory wrote:
I support the map I’m just saying he can’t change the names of our constituencies

The Saint Hilda Cartographic Society can not force anyone to change the names they use for their constituencies, but we very much can refuse to place someone on our map if we disagree with their name.

I know, but you said change a name

The Archipelago Territory wrote:SHCS Constituency Information Form
Constituency ID: 2
Constituency Name: New Karlskrona
Constituency Representative: Austin Miller
Representative's Party: SHAPC
Any relevant database links: viewtopic.php?f=31&t=465671&p=35894527&hilit=The+archipelago+territory#p35894527

Did you read the part that says to telegram it, not post it here?

East Meranopirus wrote:

The Archipelago Territory wrote:SHCS Constituency Information Form
Constituency ID: 2
Constituency Name: New Karlskrona
Constituency Representative: Austin Miller
Representative's Party: SHAPC
Any relevant database links: viewtopic.php?f=31&t=465671&p=35894527&hilit=The+archipelago+territory#p35894527

Did you read the part that says to telegram it, not post it here?

My bad

The Miaphysite Church of Coptic Archism wrote:

Borovan entered the region as he wrote:For the rational tax scheme by Marius what does income tax subsidy rate of 75% mean? Is it like you can get tax credits if your income is 75% of the income tax exemption level which is 15,000?

Basically, those terms are part of how Negative Income Tax works. Basically, there's a cutoff point (in this case $15,000). Above that point, income starts getting taxed normally, in the income brackets included in the bill, simple enough.

If your income is below the $15,000 cutoff point, you benefit from Negative Income Tax. This is basically a credit from the government to you, based on your income. Where NIT means the amount paid in NIT to you, CO means cutoff value, INC means your regular income, and SR means the subsidy ratio, the formula looks like this:

NIT = (CO - INC) * SR

You see how far you are from reaching the cutoff point (the difference between that and your income), and that difference is credited at the established subsidy ratio, in this bill that is 75%. Here's a handful of examples using the numbers from the bill.

Annual Income: $0
$15,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $11,250 (15000*0.75)
Adjusted Income: $11,250

Annual Income: $5,000
$10,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $7,500 (10000*0.75)
Adjusted Income: $12,500

Annual Income: $10,000
$5,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $3,750 (5000*0.75)
Adjusted Income: $13,750

Annual Income: $15,000
$0 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $0 (0*0.75)
Adjusted Income: $15,000

You can see, this creates a floor of sorts, so people in bad circumstances aren't thrown into poverty. However, earning money yourself always increases your actual income, there is no way to accidentally unqualify for support by getting a job, and losing income. Income earned after the fifteen thousandth dollar is taxed like in a normal progressive income tax model.

I hope that helps you understand, but I'm happy to answer any more questions.

Ah ok thanks that helps a lot.

Borovan entered the region as he wrote:

The Miaphysite Church of Coptic Archism wrote:Basically, those terms are part of how Negative Income Tax works. Basically, there's a cutoff point (in this case $15,000). Above that point, income starts getting taxed normally, in the income brackets included in the bill, simple enough.

If your income is below the $15,000 cutoff point, you benefit from Negative Income Tax. This is basically a credit from the government to you, based on your income. Where NIT means the amount paid in NIT to you, CO means cutoff value, INC means your regular income, and SR means the subsidy ratio, the formula looks like this:

NIT = (CO - INC) * SR

You see how far you are from reaching the cutoff point (the difference between that and your income), and that difference is credited at the established subsidy ratio, in this bill that is 75%. Here's a handful of examples using the numbers from the bill.

Annual Income: $0
$15,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $11,250 (15000*0.75)
Adjusted Income: $11,250

Annual Income: $5,000
$10,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $7,500 (10000*0.75)
Adjusted Income: $12,500

Annual Income: $10,000
$5,000 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $3,750 (5000*0.75)
Adjusted Income: $13,750

Annual Income: $15,000
$0 difference to cutoff point (of $15k)
75% subsidy rate
Negative Income Tax Credit: $0 (0*0.75)
Adjusted Income: $15,000

You can see, this creates a floor of sorts, so people in bad circumstances aren't thrown into poverty. However, earning money yourself always increases your actual income, there is no way to accidentally unqualify for support by getting a job, and losing income. Income earned after the fifteen thousandth dollar is taxed like in a normal progressive income tax model.

I hope that helps you understand, but I'm happy to answer any more questions.

Ah ok thanks that helps a lot.

So it’s a big socialist tax plan that manipulated businesses and people to do certain things or else face 50% taxes. Got it.

What’ll end up happening (if this was in real life) was that businesses would donate to conservatives to avoid paying income taxes and their campaigns would blow up meaning the liberals would lose a lot of seats

1. Socialism is a system of economic thought wherein capital goods are publicly owned. This is not socialism. This has nothing to do with socialism.

2. Nowhere in the bill, at any point, is a 50% tax rate proscribed for anything at all.

3. There are no donation exemptions in this tax scheme, in fact there are no exemptions at all. Donating to a political cause is not a way to escape income tax in this scheme.

I got another question. Is the corporate income tax rate of 40% is that a marginal tax rate or effective tax rate excluding the 5 year tax cuts mentioned if they hire workers by 50% or sustainable electricity? Like if a corporation earns more than $200,000 would they be taxed at 30% at the first $200,000 and then 40% for higher earnings or is it just 40%?

Borovan entered the region as he wrote:I got another question. Is the corporate income tax rate of 40% is that a marginal tax rate or effective tax rate excluding the 5 year tax cuts mentioned if they hire workers by 50% or sustainable electricity? Like if a corporation earns more than $200,000 would they be taxed at 30% at the first $200,000 and then 40% for higher earnings or is it just 40%?

Good question, and I may need to amend the bill to clarify.

Below $200,000, taxed at a base of 30% getting as low as 10% with the hiring and sustainability clauses.

Corporate income above $200,000 taxed at a base of 40%, getting as low as 20%.

The Miaphysite Church of Coptic Archism wrote:

Borovan entered the region as he wrote:I got another question. Is the corporate income tax rate of 40% is that a marginal tax rate or effective tax rate excluding the 5 year tax cuts mentioned if they hire workers by 50% or sustainable electricity? Like if a corporation earns more than $200,000 would they be taxed at 30% at the first $200,000 and then 40% for higher earnings or is it just 40%?

Good question, and I may need to amend the bill to clarify.

Below $200,000, taxed at a base of 30% getting as low as 10% with the hiring and sustainability clauses.

Corporate income above $200,000 taxed at a base of 40%, getting as low as 20%.

Ok thank you for clarifying it.

The Miaphysite Church of Coptic Archism wrote:1. Socialism is a system of economic thought wherein capital goods are publicly owned. This is not socialism. This has nothing to do with socialism.

2. Nowhere in the bill, at any point, is a 50% tax rate proscribed for anything at all.

3. There are no donation exemptions in this tax scheme, in fact there are no exemptions at all. Donating to a political cause is not a way to escape income tax in this scheme.

Yes it would be, because if you donate you can reduce your income

The Archipelago Territory wrote:

Saint Hilda Cartographic Society wrote:NOTE: The Saint Hilda Cartographic Society, and all maps/information related to them, are unofficial and not admin-approved at this time.

The Saint Hilda Cartographic Society is now keeping track of the 46 Parliamentary constituencies of Saint Hilda. You can find the relevant information here.

If you would like to apply to provide information for a constituency (including a name, the parliamentarian representing the constituency, and the party represented), please telegram the information to this account in the following format.

Code: Select all

[b]SHCS Constituency Information Form[/b]
[b]Constituency ID:[/b]
[b]Constituency Name:[/b]
[b]Constituency Representative:[/b]
[b]Representative's Party:[/b]
[b]Any relevant database links:[/b]

The Saint Hilda Cartographic Society reserves the right to refuse applications, and/or rename constituencies, if and when that may be helpful to building a realistic and interesting projection of the nation.

If you are not admin approved you can’t change constituency names

I approve of them, and give them the rights to deny and make alterations to names if they're unfit.

East Meranopirus wrote:

The Archipelago Territory wrote:I support the map I’m just saying he can’t change the names of our constituencies

Also, the admins have nothing to do with constituency names, they were made up by the player.

Technically true, but if someone were to go with a really ridiculous constituency name we might intervene.

The Archipelago Territory wrote:

The Miaphysite Church of Coptic Archism wrote:1. Socialism is a system of economic thought wherein capital goods are publicly owned. This is not socialism. This has nothing to do with socialism.

2. Nowhere in the bill, at any point, is a 50% tax rate proscribed for anything at all.

3. There are no donation exemptions in this tax scheme, in fact there are no exemptions at all. Donating to a political cause is not a way to escape income tax in this scheme.

Yes it would be, because if you donate you can reduce your income

Donating, or spending money in any way, does not reduce your income. It increases your expenses.

Personal income is the earnings of an individual, and it is not changed by spending those earnings.

The Miaphysite Church of Coptic Archism wrote:

The Archipelago Territory wrote:Yes it would be, because if you donate you can reduce your income

Donating, or spending money in any way, does not reduce your income. It increases your expenses.

Personal income is the earnings of an individual, and it is not changed by spending those earnings.

But the person could tell the business “pay me 15,000, and give 5,000 to charity”

The Archipelago Territory wrote:

The Miaphysite Church of Coptic Archism wrote:Donating, or spending money in any way, does not reduce your income. It increases your expenses.

Personal income is the earnings of an individual, and it is not changed by spending those earnings.

But the person could tell the business “pay me 15,000, and give 5,000 to charity”

To understand this scenario, are you referring to an employee asking their employer to pay them less, and donate the difference to a political movement?