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Your country’s tax rate

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The Draemon Provinces
Bureaucrat
 
Posts: 48
Founded: Nov 19, 2015
Iron Fist Consumerists

Your country’s tax rate

Postby The Draemon Provinces » Mon Apr 15, 2019 10:59 am

List your country’s top income, corporate, and sales tax rate. Feel free to judge the AN’s tax rate.

Draemon Provinces

Highest marginal Income Tax Rate: 30%

Corporate Tax Rate: 15%

Sales Tax Rate: 7%
Last edited by The Draemon Provinces on Sun Nov 08, 2020 10:41 am, edited 1 time in total.

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Vallermoore
Senator
 
Posts: 4791
Founded: Mar 27, 2011
Inoffensive Centrist Democracy

Postby Vallermoore » Mon Apr 15, 2019 11:13 am

Top Income Tax Rate-10% except in dire emergencies.
Top Corporate Tax Rate-25%
Sales Tax Rate-1%

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Satuga
Ambassador
 
Posts: 1651
Founded: Mar 27, 2019
Ex-Nation

Postby Satuga » Mon Apr 15, 2019 11:18 am

Top Income Tax 5%
Property Tax 10%
Necessities Tax(water,food, clothes etc.) 3%
Entertainment Tax 0%

This nation basically relies on the goodwill of the people to defend their freedoms. (https://www.nationstates.net/nation=satuga/detail=factbook/id=1188222)
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Zhouran
Powerbroker
 
Posts: 7998
Founded: Feb 09, 2013
Ex-Nation

Postby Zhouran » Mon Apr 15, 2019 11:46 am

As of 2020, the People's Republic of Zhouran has a corporate tax rate of 4.5%–15.0% (depending on the annual turnover of each business), a minimum individual tax rate of 0.0%, a maximum individual tax rate of 20.5%, and a value-added tax rate of 0.0% for essential items and 10.0% for others.

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Coconut Palm Island
Chargé d'Affaires
 
Posts: 432
Founded: Feb 16, 2018
Ex-Nation

Postby Coconut Palm Island » Mon Apr 15, 2019 3:41 pm

  • Sales Tax: 4% on "necessities", 8% on "luxuries", 12% "vice tax" on alcohol/narcotics/tobacco/gambling.
  • Income Tax: Progressive tax rate ranging from 0-12%.
  • Corporate Income Tax: 12% for small businesses, 18% for major corporations.
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Azlaake
Envoy
 
Posts: 323
Founded: Nov 27, 2018
Scandinavian Liberal Paradise

Postby Azlaake » Mon Apr 15, 2019 3:43 pm

75.5% Income Tax Rate
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Estainia
Senator
 
Posts: 4808
Founded: Jul 03, 2009
Corrupt Dictatorship

Postby Estainia » Mon Apr 15, 2019 5:08 pm

The Empire does not maintain an income tax, taxation is based on other things. The most common tax is the sales tax, which lays at 4% at the Imperial (Federal) level and varies at the Royal/Ducal (State) level between 2% and as high as 10%.
Last edited by Estainia on Mon Apr 15, 2019 5:09 pm, edited 1 time in total.
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Fostoria
Chargé d'Affaires
 
Posts: 384
Founded: May 18, 2017
Ex-Nation

Postby Fostoria » Mon Apr 15, 2019 6:38 pm

Income Tax (6 brackets)-Income to National Govt.:
Top- 35% (2,000,000+ F$M/year personal income)
Bottom- 8% (<10,000 F$M/year)

Sales Tax- Income split "state"/local/national, varies between state:
4% on common goods
6% on non-necessary luxuries
7.5% on common firearms
15% on alcohol, tobacco, and cannabis
20% on permit firearms

Property Tax- All income to "state"
2-5% of land and building value, depending upon region

All goods that aren't things that Fostoria lacks pay around a 3% import tariff.
Last edited by Fostoria on Mon Apr 15, 2019 7:52 pm, edited 2 times in total.

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Communist Zombie Horde
Diplomat
 
Posts: 942
Founded: Jan 04, 2018
Ex-Nation

Postby Communist Zombie Horde » Mon Apr 15, 2019 6:40 pm

Poor Income Tax: 25%
Rich income tax: 5%
Corporate Tax: 0%
Sales Tax: 1%
NS Parliament: Arnold Delbert; National People's Party

This nation is not entirely representative of my views. I've had some fun with the stats and I want to keep them that way.

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Gandoor
Postmaster-General
 
Posts: 10232
Founded: Sep 23, 2008
Civil Rights Lovefest

Postby Gandoor » Tue Apr 16, 2019 5:27 am

Income tax is progressive with tax rates ranging from 0% to 40% currently, with the top tax bracket set to increase to 60% by 2030.

The corporate tax rate is set at 35%.

Payroll tax is set at 30%.

VAT is set between 60% and 15%, depending on the item, with essential items having no VAT added.
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Lillorainen
Senator
 
Posts: 4153
Founded: Apr 17, 2018
Ex-Nation

Postby Lillorainen » Tue Apr 16, 2019 5:37 am

Income tax: progressive, ranging from 0% to 40%.
Corporate tax: 5% federal tax; additional state taxes vary by state, ranging from 5% to 20%.
Sales tax: 12% (on all items).
Since Lillorainen's geography is currently being overhauled a 'tiny' bit, most information on it posted before December 12, 2018, is not entirely reliable anymore. Until there's a new, proper factfile, everything you might need to know can be found here. Thank you. #RetconOfDoom (Very late update, 2020/08/30 - it's still going on ...)

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Sanctum and Ultima
Spokesperson
 
Posts: 132
Founded: Mar 31, 2019
Ex-Nation

Postby Sanctum and Ultima » Tue Apr 16, 2019 5:40 am

Income tax: 3% to 50% (progressive)
Inheritance tax: 100%
Sales tax: 0%
Corporate tax: 0% to 33.3% (progressive)
This nation actually does not really represent my OOC/IRL views.
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Vespertia
Attaché
 
Posts: 83
Founded: Mar 14, 2019
Ex-Nation

Postby Vespertia » Tue Apr 16, 2019 5:51 am

Income Tax: 0% to 40%, depending on income:
0% for ≤ 1,600 sv
20% for ≥ 1,600 sv and ≤ 6,300 sv
40% for ≥ 6,300 sv
Corporate Tax: 25%
Sales Tax: 0 to 10%, depending on item type
Be advised: This nation will CTE.

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Pax Brasiliana
Spokesperson
 
Posts: 147
Founded: Apr 07, 2019
Corrupt Dictatorship

Postby Pax Brasiliana » Tue Apr 16, 2019 8:14 am

Does not include additional provincial taxes.

  • Corporate Tax: progressive, 5% - 20%
  • Sales Tax: 2% (essential goods) | 8% (entertainment and other non-essential goods) | 12% (luxury goods) | 20% (alcohol, tobacco)
  • Inheritance tax: 5%
  • Income Tax: progressive, 0% - 35%
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Amaurita
Envoy
 
Posts: 255
Founded: Apr 23, 2017
New York Times Democracy

Postby Amaurita » Tue Apr 16, 2019 8:20 am

Federal Tax Rates:

Income Tax: 12.5% flat tax on all income of a household. (Various deductions, credits, and exemptions available).
Corporate Income Tax: 21.5%
Sales Taxes and Property Taxes are dependent on the state and county.

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Poland 2100
Civilian
 
Posts: 1
Founded: Jan 07, 2019
Ex-Nation

Your country’s tax rate

Postby Poland 2100 » Tue Apr 16, 2019 8:24 am

No PIT, CIT or VAT. There's a poll tax collected from adult individuals mothly, about 400 PLN

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Nova Anglicana
Minister
 
Posts: 2592
Founded: Jul 15, 2013
Left-Leaning College State

Postby Nova Anglicana » Tue Apr 16, 2019 11:20 am

Central Govt. Tax Rates

Income: Progressive, from 0-45%

Corporate: Progressive, from 5-25%

VAT: 10% on most goods, 2.5% on food, fuel and medicine exempt
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3rd Place
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Kings Canyon
Lobbyist
 
Posts: 11
Founded: Apr 14, 2019
Ex-Nation

Postby Kings Canyon » Tue Apr 16, 2019 4:05 pm

Sales Tax:
- everything sold within Kings Canyon is subject to a sales tax
- 4% on luxury branded items
- 10% on budget/generic branded items
Income Tax:
- flat tax that varies from year to year but is constitutionally capped at 10%
- currently 5.8%
Corporate Tax
- 2% for better than carbon neutral businesses
- 5% for carbon neutral businesses
- 10% for worse than carbon neutral businesses
Inhertiance & Capital Gains Tax
- if total inheritance = under $2,000,000,-2% tax credit
- if total inheritance = over $1,999,999, -0.05% tax credit
- 0.02% capital gains tax

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Mountain Pygmies
Spokesperson
 
Posts: 111
Founded: May 18, 2019
Ex-Nation

Postby Mountain Pygmies » Mon May 27, 2019 10:43 am

We don't have taxes or proper currency. Our nation is anarcho-communist, and uses gift economies and barter.

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Borovan entered the region as he
Ambassador
 
Posts: 1115
Founded: Dec 18, 2017
Ex-Nation

Postby Borovan entered the region as he » Mon May 27, 2019 11:22 am

income tax
$250,000 and above 55%
$100,000 to $250,000 35%
$40,000 to $100,000 28%
$10,000 to $40,000 12%
$10,000 and below 0%

Sales tax
6%

Corporate tax
25%

Capital gains tax
12%

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Achaean Republic
Diplomat
 
Posts: 780
Founded: May 26, 2019
Left-wing Utopia

Postby Achaean Republic » Mon May 27, 2019 12:26 pm

For reference, the national currency in the Achaean Republic is the corcino (ACR). As of today, the corcino has an exchange rate of 1.91 ACR=1.00 USD. All prices will be shown in ACR.

Federal Income tax:

0 < 4,707.11 ACR: 7%
more than 4,707.11 but less than 13,075.11 ACR: 14%
more than 13,075.11 but less than 21,705.02 ACR: 21%
more than 21,705.02 but less than 32,165.27 ACR: 28%
more than 32,165.27 but less than 43,671.55 ACR: 35%
more than 43,671.55 ACR: 38%

State Income Tax: Levied on each state differently. Only five states and the Federal District of Muñíz have no state income tax.

Consumption taxes: 13 states use the sales tax; 13 states use the value-added tax (Impuesto sobre el Valor Añadido); only four states and the Federal District of Muñíz have no type of consumption tax.

Payroll taxes: Every Achaean worker pays for social security (Seguridad Social), state unemployment (Desempleo estatal), and basic health (Sanidad Básica). 50% are levied to the federal government; 50% are shared to the states.

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Adalzica
Lobbyist
 
Posts: 24
Founded: Mar 10, 2019
Ex-Nation

Postby Adalzica » Mon May 27, 2019 2:33 pm

Top income tax rate: 36% (natives and non-native residents), 50% (non-residents)
Corporate income tax rate: 15%
Capital gains tax rate: 15%
Sales tax rate: varies from 5-35%, standard rate of 22%.

More information can be found here.
Last edited by Adalzica on Wed May 29, 2019 6:40 pm, edited 1 time in total.
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Head of government: National Minister William Roony
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Ghost Land
Ambassador
 
Posts: 1475
Founded: Feb 14, 2014
Psychotic Dictatorship

Postby Ghost Land » Mon May 27, 2019 2:36 pm

Vallermoore wrote:Top Income Tax Rate-10% except in dire emergencies.
Top Corporate Tax Rate-25%
Sales Tax Rate-1%

OOC: I like it. :)

In Ghost Land, the income and corporate tax is currently 91% at the federal level alone, with states, counties, and cities also having the power to levy taxes. People who make over $20,000 greater than the average income pay a 100% tax rate. Sales tax varies depending on city, county, and state, but the federal minimum is 5% (in Central Spookville, the county that serves as the capital, it's 7.2%, for example).
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Ceranapis
Bureaucrat
 
Posts: 63
Founded: May 18, 2018
Ex-Nation

Postby Ceranapis » Mon May 27, 2019 2:54 pm

Top Income Tax Rate: 28% (Charged on both labor income and capital gains)
Social Insurance Taxes: 8% (Includes both employer and employee halves)
Corporate Tax Rate: 0%
Sales Tax Rate: 0%

Ceranapis raises significant revenue from the land tax, a tax on the unimproved value of land. Land is taxed in the Georgist manner, at 100% of the rental value. Revenue is split between the national, state, and local governments. The country also levies a progressive income tax, and taxes for social insurance purposes.

The country levies a variety of other taxes as well. Such taxes include the carbon tax ($50 per tonne), the inheritance tax (65% on fortunes above $2M), and sin taxes on drugs and alcohol. While there is no national sales tax, many state and local governments levy sales taxes of between 4-8% in addition to local income taxes of 2-5%.
Last edited by Ceranapis on Mon May 27, 2019 2:58 pm, edited 2 times in total.
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Trinadaed
Envoy
 
Posts: 300
Founded: Oct 26, 2018
Ex-Nation

Postby Trinadaed » Mon May 27, 2019 2:56 pm

Income: 0%
Corporate: 0%
Sales: 0%

We're a tax-free haven, like Switzerland and Cayman Islands.
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