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What are the tax rates in your nation like?

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Espresso and Insanity
Diplomat
 
Posts: 545
Founded: Oct 29, 2014
Ex-Nation

Postby Espresso and Insanity » Sun Nov 02, 2014 7:40 am

Corporate Taxes are at 15%, although some corporations can be eligible for tax deductions if they invest in things like clean energy, electric cars, and a few other various things.

The income tax is progressive, so people who earn below $25,000 don't pay income tax, and people who earn above $250,000 pay 45%.
Caffeine Addict, Bisexual, Moderate Social Democrat/Progressive, Atheist.

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Roelandia
Diplomat
 
Posts: 582
Founded: Jul 28, 2014
Inoffensive Centrist Democracy

Postby Roelandia » Sun Nov 02, 2014 9:33 am

12% flat tax for corporations

18% flat tax for individuals
Personal 8 values

Politiscales result

This nation represents my real life views
I don't use NS stats, but that goes without saying if you look at my factbooks.

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Fauzjhia
Ambassador
 
Posts: 1980
Founded: Jul 29, 2014
Ex-Nation

Postby Fauzjhia » Sun Nov 02, 2014 10:55 am

66% flat taxes for individual.
100 % tax on over income. After income after 5x the avarage wage in the nation. (Avarage is 100 000 Fauzjhia, mean, all money earn after 500 000 is taxed at 100% )
no corporation taxes, all corporation are owned by the government and official are elected by the population.
no sales taxes, it did not passed.
Luxury sale taxes 100 %
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Anollasia
Postmaster of the Fleet
 
Posts: 21935
Founded: Apr 05, 2012
Ex-Nation

Postby Anollasia » Sun Nov 02, 2014 3:13 pm

The income tax rate is 98% according to NS and even higher for the wealthy. :twisted:

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Allancia
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Posts: 6574
Founded: Jul 24, 2013
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Postby Allancia » Sun Nov 02, 2014 3:29 pm

Everyone is taxed equally, however, the lower someone's income is, the lower their tax rates. The richer someone is, the higher their tax rates. All wealth is allocated in this way.
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Jordsindia
Minister
 
Posts: 2355
Founded: Apr 10, 2008
Ex-Nation

Postby Jordsindia » Sun Nov 02, 2014 3:30 pm

1 % Income taxes. That is it.
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Burleson
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Posts: 963
Founded: Aug 08, 2014
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Postby Burleson » Sun Nov 02, 2014 3:34 pm

All tax rates are flat

Federal Corporate earnings tax: 2%
Federal Personal Income tax: 2%
Average County income tax: 1%
Average county property tax: 0.5% of homes value
Last edited by Burleson on Sun Nov 02, 2014 3:36 pm, edited 1 time in total.
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Arkiasis
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Posts: 3583
Founded: Aug 30, 2011
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Postby Arkiasis » Sun Nov 02, 2014 3:35 pm

We have a marginal progressive income tax of 0-50%.

Tax (%): Income in Arkiasin Credits (USD)
0%: ₵0 - ₵7,000 ($0 - $9,100)
15%: ₵7,001 - ₵15,000 ($9,101 - $19,500)
25%: ₵15,001 - ₵30,000 ($19,501 - $39,000)
35%: ₵30,001 - ₵50,000 ($39,001 - $65,000)
40%: ₵50,001 - ₵70,000 ($65,001 - $91,000)
45%: ₵70,001 - ₵100,000 ($90,001 - $130,000)
50%: ₵100,001+ ($130,001+)


We have a corporate tax rate of 10%-25% based on the size of the business.

We have a VAT of 15%.
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Burleson
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Founded: Aug 08, 2014
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Postby Burleson » Sun Nov 02, 2014 3:36 pm

Allancia wrote:Everyone is taxed equally, however, the lower someone's income is, the lower their tax rates. The richer someone is, the higher their tax rates. All wealth is allocated in this way.

Those two statements contradict each other.
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99% - Republican Party
97% - Conservative Party
92% - Constitution Party
62% - Libertarian Party
4% - Democratic Party
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Nekronia
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Founded: Dec 10, 2010
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Postby Nekronia » Sun Nov 02, 2014 3:41 pm

There are no taxes in Nekronia as the government is everything and owns everything. Taxing people buying food would be redundant and just make things even more complicated since it would be like taxing yourself to give the money to yourself so that you can use the money to give to people but that would also be taxed and be given back to yourself to *aneurysm*.

Besides, it gives ammunition for propaganda.
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IC Info: TL;DR verson of Nekronia: Authoritarian government with elements of the USSR and national socialism. Everyone works for the government, and buys from the government, obsoleting taxes as the money does not leave the country, save for government buying of items of foreign nations. Military is advanced but unconventional, focusing on infantry and psychological warfare. Primary method of national income is export of armaments and other war-related items.

OOC Info: I am a male and an atheist.
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Senyosu
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Posts: 3608
Founded: Mar 14, 2014
Ex-Nation

Postby Senyosu » Sun Nov 02, 2014 4:06 pm

Income Taxes
Income taxes are progressive up to 47% of taxable income, with asocial security and other social benefit taxes combined to reach a a rate of 51%. Employers are to pay the other 8% or more of social benefits in regards to union demand. Individuals who are self employed pay a flat tax of 10%.

Values are in US Dollars

  • First 150,000 Tayen and under ($18,500 and under) -- 0%
  • 150,001-270,000 Tayen (~$18,500-33,000) -- 5%
  • 270,001-390,000 Tayen (~$33,000-48,100) -- 13%
  • 390,001-510,000 Tayen (~$48,100-62,900) -- 21%
  • 510,000-630,000 Tayen (~$62,900-77,700) -- 39%
  • 630,001 Tayen and over ($77,000 and over) -- 47%

Property and Inheritance
Property taxes are a flat 2.5% while Inheritance over an equivalent of USD$1,500,000 gets taxed 10%.

VAT
Flat 5%, provinces get to select their own additional rates. Cannot exceed the constitutional level of 15%.

Corporate
Flat 10%
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Balshvik
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Posts: 333
Founded: Aug 15, 2014
Ex-Nation

Postby Balshvik » Sun Nov 02, 2014 4:10 pm

88%
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Russian American

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Vistany
Spokesperson
 
Posts: 170
Founded: Jul 21, 2013
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Postby Vistany » Sun Nov 02, 2014 4:10 pm

Normal employees pay 100% income tax and receive whatever they need from the government. However, Democratic Party members only pay from 50 to 75% tax, with the highest-ranking officials being exempt from taxes altogether. The corporate tax is 80%, with major companies receiving massive subsidization. VAT doesn't exist, mainly because normal citizens rarely have the opportunity to buy anything in the normal sense of the word.
Last edited by Vistany on Sun Nov 02, 2014 4:12 pm, edited 1 time in total.
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Pro: Nordic Welfare, Democratic Socialism, LGBT Rights
Neutral: Russia, EU, Authoritarianism, Communism, Religion
Against: USA, Israel, Capitalism, Imperialism, Anarchy

Your friendly neighbourhood Socialist Finn.

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Jordsindia
Minister
 
Posts: 2355
Founded: Apr 10, 2008
Ex-Nation

Postby Jordsindia » Sun Nov 02, 2014 4:12 pm

Vistany wrote:Normal employees pay 100% income tax and receive whatever they need from the government. However, Democratic Party members only pay from 50 to 75% tax, with the highest-ranking officials being exempt from taxes altogether. The corporate tax is 80%, with major companies receiving massive subsidization. VAT doesn't exist, mainly because normal citizens rarely have the opportunity to buy anything in the normal sense of the word.

Please remind me never to move to your nation.
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American and Proud!

10% luck, 20% skill, 15% concentrated power of will, 5% pleasure, 50% pain, and 100% reason to remember the name!

-∮ The Crumpet Cult ∮-

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Illuminination
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Posts: 91
Founded: Jul 29, 2013
Ex-Nation

Postby Illuminination » Sun Nov 02, 2014 4:22 pm

Anywhere from -10%- 10% income, 20% on all luxury goods--restaurants, non basic food stuffs, non basic clothing, and normal luxury stuff--, 20% inheritance, and 15% import.
I go by Illumine in non-RP situations--though some of my region mates seem to prefer war mongerer at times. Both Invictus and Illumin are correct for identifying those from Illuminination. Illuminian refers to a person from the whole of Illumine and not just Illuminination.
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Grand Britannia
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Posts: 14606
Founded: Apr 15, 2012
Ex-Nation

Postby Grand Britannia » Sun Nov 02, 2014 4:57 pm

Corporate
  • Foreign: 22%
  • Domestic: 15% - 18%

Personal
  • Tier 8; 1.5 million + : 40%
  • Tier 7; 1.49 million - 950k : (35-40)%
  • Tier 6; 949k - 450k : (30-35)%
  • Tier 5; 449k - 150k : (25-30)%
  • Tier 4; 149k - 90k : (20-25)%
  • Tier 3; 89k - 55k : (15-20)%
  • Tier 2; 54k - 25k : (10-15)%
  • Tier 1: 24k - 18k : (5-7)%
  • Tier 0: 17k - 0 : 0%

Family (Married Couple)
  • Tier 4; 2 million + : 35%
  • Tier 3; 1.9 million - 900k: 30%
  • Tier 2; 899k - 200k: 25%
  • Tier 1; 199k - 70k: 20%
  • Tier 0; 69k - 25k: 15%

Commerce & Business
  • BAT; 2%
  • Non-Essential Product Contribution(Commonwealth VAT); 5%
  • Fuel Tax; 2 cents per litre
  • Land Tax*; 2% - 8% of the original value of the property
  • Luxury Tax**; 3% of the product's original value
  • Import Tariff; 5% of the product's value at purchase

Miscellaneous
  • Beard Tax; .0015% per square cm
  • Personal Public Misrepresentation Tax***: .01% for every hour spent outside one's home
  • Gay Tax: Adds a 3% continuously compounding tax to one of the above personal income brackets, which compounds every month for 12 months(Fiscal Year).

    *The Ministry of Infrastructural Development determines which rate to use
    **Precious metals and special types of products are under this tax
    ***People are taxed for going out of their homes and looking "ugly" or not presentable until corrected
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New Nationale Einheit
Envoy
 
Posts: 338
Founded: Aug 27, 2013
Moralistic Democracy

Postby New Nationale Einheit » Mon Nov 03, 2014 4:51 pm

National Sales Tax: 15%
ACWULF SCHULZ
Chancellor of the Nationale Republik

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Tolmakia
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Posts: 1797
Founded: Jun 05, 2014
Ex-Nation

Postby Tolmakia » Mon Nov 03, 2014 5:35 pm

20% (average for all)

Right now though, the tax rate is up at 34%
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Makaar
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Posts: 1572
Founded: Nov 20, 2004
Ex-Nation

Postby Makaar » Mon Nov 03, 2014 6:37 pm

Income Tax Brackets
Figures represent total personal yearly income:
>S. 8,000 - 0% income tax
S. 8,000.01 to S. 20,000 - 10%
S. 20,000.01 to S. 30,000 - 20%
S. 30,000.01 to S. 60,000 - 40%
S. 60,000.01 to S. 150,000 - 50%
S. 150,000.01 and up - 65%

Corporate Tax
5% for businesses with fewer than 200 employees
3% for businesses with more than 200 employees
Tax reimbursement schemes are available for businesses which create jobs in target areas.

Sales Tax
Sales tax is only charged on the following items:
Vehicle fuel (petrol and diesel) - 15%
Aircraft fuel - 8%
Alcohol - 50%
Class C drugs (tobacco, cannabis, etc.) - 100%
Class B drugs (amphetamine, ketamine, etc.) - 150%
Class A drugs (cocaine, heroin, etc.) - 200%

Vehicle Excise Duty
An annual duty which a car's owner must pay in order to drive it on a public road. The tax varies with the fuel efficiency and carbon emissions of the vehicle. The most efficient vehicles pay no VED - electric and hybrid vehicles especially. The least efficient pay S. 600/year, with a sliding scale between.

Inheritance Tax
Estates over S. 350,000 in value pay inheritance tax on a sliding scale, up to a maximum of 75%.
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Moqualu
Civil Servant
 
Posts: 9
Founded: Nov 03, 2014
Ex-Nation

Postby Moqualu » Mon Nov 03, 2014 7:50 pm

$ is a placeholder for our symbol for Kaiuni

Sales: ranges between 0% and 55% depending on location and transaction
Corporate/Business: ranges between 0.7% and 12%
Capital Gains/Inheritance:
  • $0-$15k: 0%
  • $15.00001k-$30k: 3%
  • $30.00001k-$900k: 9%
  • $900.00001k-2.7m: 14%
  • 2.70001m-2.5b: 18%
  • 2.50001b or more: 45.6%

Income:
  • $0-$4,999.99: 0%
  • $5-$15k: 3%
  • $15.00001k-$900k: 9%
  • $900.00001k-2.7m: 10%
  • 2.70001m-2.5b: 22%
  • 2.50001b or more: 34%

Property: ranges between $0 and $15 per 2 square feet depending on income level, municipality, and size of land owned
Import: 3% of cost before all taxes including foreign ones
Gas/Transportation:
  • Gas in Summer/Fall: $0.10 a gallon up to 9 gallons
  • Gas in Winter/Spring: $0.18 a gallon up to 4.5 gallons
  • Public Transportation Tax (No sales tax is placed on PT): $0.033 per fare

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Calimera II
Powerbroker
 
Posts: 8770
Founded: Jan 03, 2013
Inoffensive Centrist Democracy

Postby Calimera II » Tue Nov 04, 2014 10:47 am

Davinhia wrote:11% flat tax
Economists proved that 11% gave the government the most money over a long period of time.

In real life this is false.

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Butballs
Envoy
 
Posts: 310
Founded: May 20, 2014
Capitalizt

Postby Butballs » Tue Nov 04, 2014 12:30 pm

What tax? Everything is private.
King of tesco value spooge
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Butballs
Envoy
 
Posts: 310
Founded: May 20, 2014
Capitalizt

Postby Butballs » Tue Nov 04, 2014 12:31 pm

Calimera II wrote:
Davinhia wrote:11% flat tax
Economists proved that 11% gave the government the most money over a long period of time.

In real life this is false.


Yeah, I know. The peak is actually 33% (Davinhia's phone puppet)
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Economy: 95
Private sector:100%

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Saurisisia
Post Czar
 
Posts: 30207
Founded: Jan 28, 2011
Ex-Nation

Postby Saurisisia » Tue Nov 04, 2014 12:46 pm

There is a mere 10% flat tax on income and a 1% tariff on imported goods. That's about it, no more and no less and our economy is all the stronger for it.
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Meridiani Planum
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Posts: 5574
Founded: Nov 03, 2006
Ex-Nation

Postby Meridiani Planum » Tue Nov 04, 2014 2:02 pm

No taxes, if that means unavoidable coerced payments.

However, there are various user fees for the use of infrastructure and government services. If you want to consider those "taxes", go right ahead.
I shall choose friends among men, but neither slaves nor masters.
- Ayn Rand

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