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Income tax in YN

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Archipelago Bay
Spokesperson
 
Posts: 180
Founded: Sep 09, 2015
Ex-Nation

Income tax in YN

Postby Archipelago Bay » Thu Sep 26, 2019 5:15 pm

In Archipelago Bay, we have a progressive income tax system.

Our tax brackets for every person are as follows (In USD):

$0-$10,000 0%
$10,000-$25,000 10%
$25,000-$40,000 15%
$40,000-$60,000 20%
$60,000-$85,000 30%
$85,000-$100,000 35%
$100,000-$150,000 39.5%
$150,000-$200,000 45%
$200,000-$350,000 50%
$350,000-$500,000 55%
$500,000-$1,000,000 57.5%
$1,000,000-$5,000,000 60%
$5,000,000+ 66%
Last edited by Archipelago Bay on Fri Sep 27, 2019 12:00 am, edited 3 times in total.

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The Commoners Republic of America
Secretary
 
Posts: 40
Founded: Jul 13, 2016
Civil Rights Lovefest

Postby The Commoners Republic of America » Thu Sep 26, 2019 5:20 pm

5% Flat tax for income above $15,000.
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The Commoners Republic of America (CRA), or commonly known as the Commoners Republic (tCR), is a Constitutional Federal Republic. The Nation is composed of 5 Provinces, 1 unincorporated-organized territory, and the Federal District of Neo-Libertalia. Located on the Delmarva Peninsula in North America, the Nation is completely bounded by the waters of the Atlantic Ocean, Chesapeake Bay, and the Chesapeake-Delaware Canal.
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Syeadeshistania
Bureaucrat
 
Posts: 42
Founded: Jul 08, 2019
Ex-Nation

Postby Syeadeshistania » Thu Sep 26, 2019 5:22 pm

2.78% Flat
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tier 6 civilization according to this index
viewtopic.php?f=23&t=363018

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The Great Imperator Jeffrey
Envoy
 
Posts: 347
Founded: Jun 23, 2018
Psychotic Dictatorship

Postby The Great Imperator Jeffrey » Thu Sep 26, 2019 7:17 pm

50% flat
The Imperium is ruled by God-Imperator Jeffrey the Conqueror of Universes, Rightful Ruler of All, and Supreme Leader for All Eternity. The God-Imperator has control over a significant portion of the multiverse. Everyone is oppressed.
A Class 0.143 Civilization according to this index.
(Tier: 14 Type: 14)

Technology Level: FFT
Alignment: Lawful Evil
NS stats are a conspiracy against me.

HAIL THE IMPERATOR!

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Strahcoin
Envoy
 
Posts: 345
Founded: Jun 01, 2019
Ex-Nation

Postby Strahcoin » Thu Sep 26, 2019 8:18 pm

In the Republic of Strahcoin, the people pay a flat income tax of 20%.
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Great Nortend
Ambassador
 
Posts: 1562
Founded: Jul 08, 2017
Iron Fist Consumerists

Postby Great Nortend » Thu Sep 26, 2019 8:21 pm

There is a fixed parochial tithe, which is payable to the rector (and distributed to the vicar and vestry) of the parish, at a rate of 10 per cent of tithable income.

Taxation on certain net profits is levied after tithe deductions. The rates for taxation are provided in the Taxation Orders issued by the Crown in accordance with the Taxation of Profits Act. The marginal tax brackets are:

£0 — £233 : 1/– ꝑ £1 (5 per cent)
£233 — £498 : 2/– ꝑ £1 (10 per cent)
£498 — £1000: 4/– ꝑ £1 (20 per cent)
£1001 — £1498: 6/– ꝑ £1 (30 per cent)
£1498 — : 8/– ꝑ £1 (40 per cent)

Paupers are exempt from income tax and tithes.
Last edited by Great Nortend on Thu Sep 26, 2019 9:04 pm, edited 3 times in total.
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Victorious Decepticons
Powerbroker
 
Posts: 8817
Founded: Sep 15, 2008
Iron Fist Consumerists

Postby Victorious Decepticons » Thu Sep 26, 2019 8:27 pm

There is no income tax here. Instead, there is the Raid Tax, which is a 10% levy on any loot that is traded in for Energon at an official Raid Dropoff Point (the only super-convenient way to unload loot that consists of raw materials, which is the type we usually bring back).

This isn't much of a bother to our raiders, assuming they got hauls big enough to have made the endeavor worthwhile. However, it is a bit of a consolation prize to those who suck at raiding and therefore have to get actual jobs, since those types don't have to pay tax at all.

Note that the government isn't trying to encourage employment. Far from it! It just knows that nobody will declare any taxes, so the only way to be sure to collect the money is to have a tax man stand at each Raid Dropoff Point and take the government's part right then and there.
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Vallermoore
Senator
 
Posts: 4790
Founded: Mar 27, 2011
Inoffensive Centrist Democracy

Postby Vallermoore » Thu Sep 26, 2019 9:43 pm

Our real income tax is set for most people at 10%, with a top tax rate of 20% for the richest people. Any higher would be counterproductive and encourage large scale tax evasion, drive out the rich, and weaken the country. We do have VAT on goods, and a few other low level taxes, but they are not set too high.

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

Postby Gandoor » Thu Sep 26, 2019 11:02 pm

The Government of Gandoor maintains a progressive tax rate, currently ranging from 0 to 40%, with the highest tax bracket to increase to 60% by 2030, per the 2020 income tax reforms.

(Park Sang-Hee, who will become Prime Minister on 11 October, has proposed an alternative plan which will reintroduce a 90% top income tax bracket, which had previously been in place from 1938 until 1982, although has she has yet to take office, this plan has not even been formally proposed to the Forum)

Current Tax Brackets (in US dollars):
$0 - $10,000 - 0%
$10,001 - $26,000 - 10%
$27,001 - $62,000 - 16%
$62,001 - $105,000 - 18%
$105,001 - $316,000 - 22%
$316,001 - $405,000 - 26%
$405,001 - $783,000 - 30%
$783,001 - $926,000 - 33%
$926,001 - $1,003,500 - 37%
$1,003,501+ - 40%
OOC - Call me Viola
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Kamotel
Civil Servant
 
Posts: 9
Founded: Mar 09, 2019
Ex-Nation

Postby Kamotel » Thu Sep 26, 2019 11:58 pm

There is no federal personal income tax in Kamotel. The provinces each set their own taxes.

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Creslonia
Envoy
 
Posts: 227
Founded: Oct 27, 2017
Ex-Nation

Postby Creslonia » Fri Sep 27, 2019 1:53 am

0-$10,000 (typically registered with the Directorate of Financial Assitance) - 0%
$10,0001 - $25,000 - 11%
$25,001 - $40,000 - 17.5%
$40,001 - $60,000 - 22%
$60,0001 - $80,000 - 30%
$80,0001 - $100,000 - 40%
$100,001 - $150,000 - 50%
$150,001+ - 60%

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Greater Seludong
Bureaucrat
 
Posts: 45
Founded: Aug 16, 2019
Ex-Nation

Postby Greater Seludong » Fri Sep 27, 2019 1:59 am

This is from the Department of Internal Revenue, Ministry of Finance, as mandated by Republic Act. 10963, or the Tax Reform for Acceleration and Inclusion Act (TRAIN):

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Republikang Federal ng Filipinas
Maka-Diyos, Makakalikasan, Makatao, Makabansa
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A MT federal republic in OTL Philippines, Sabah and Micronesia. Formed by the 1823 Revolution, now a progressive regional power.

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 SPECIAL NOTES: a Tier 6, Type 5 civ., according to this index. | This nation does not use NS stats.

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Lenk
Secretary
 
Posts: 34
Founded: Sep 27, 2019
Ex-Nation

Postby Lenk » Fri Sep 27, 2019 8:26 am

The tax is a 1/10 flat tax, because that is the easiest tax to work out. If you earn 10 Lenkos then you pay the government 1 Lenko
Last edited by Lenk on Fri Sep 27, 2019 8:27 am, edited 1 time in total.

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Late Roman Empire
Ambassador
 
Posts: 1615
Founded: Mar 11, 2011
Inoffensive Centrist Democracy

Postby Late Roman Empire » Fri Sep 27, 2019 12:14 pm

$0-$30,000 0%
$30,000-$50,000 20%
$50,000-$70,000 25%
$70,000-$90,000 30%
$90,000-$110,000 35%
$110,000-$150,000 40%
$150,000-$200,000 45%
$200,000-$350,000 50%
$350,000- 55%

It should be noted that estate taxes in the Empire are even more starkly progressive, with only 20% of families paying any estate tax at all, and half of them pay only 50%, whereas the other, upper half pay 75%. Romans believe that taxes are a civic duty, an act of patriotism, and that "to whom much is given, much is also required" for the res publica, the public good.

It should also be noted that in many cases, wealthy Romans lower their own tax obligations through clientele and patronage, a system in which the rich directly subsidize individual fellow citizens in return for their assistance in errands, favors, etc.
Last edited by Late Roman Empire on Fri Sep 27, 2019 3:39 pm, edited 5 times in total.
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The Great United Columbia
Lobbyist
 
Posts: 11
Founded: Sep 15, 2019
Ex-Nation

Postby The Great United Columbia » Fri Sep 27, 2019 1:06 pm

$0-$30,000 0%
$30,001-$50,000 5%
$50,001-$70,000 10%
$70,001-$90,000 15%
$90,001-$110,000 20%
$110,001-$150,000 25%
$150,001-$200,000 30%
$200,001-$250,000 35%
$250,001-$1,000,000 50%
$1,000,001-$5,000,000 65%
$5,000,001-$10,000,000 75%
$10,000,001-$100,000,000 85%
$100,000,001-$1B 95%
$1B< 99%
Last edited by The Great United Columbia on Fri Sep 27, 2019 1:10 pm, edited 2 times in total.
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Synne Industries
Envoy
 
Posts: 335
Founded: May 07, 2019
Ex-Nation

Postby Synne Industries » Fri Sep 27, 2019 3:37 pm

flat 3.5% nationwide, taxes barely mean anything when the government is half-corporation.

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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 » Fri Sep 27, 2019 4:48 pm

Progressive tax
60% of those making a million or more
40% of those making 100k
20% 50k
No tax everyone else

Capital tax
5% flat rate

Corporate tax
10%

No sales tax or local taxes

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Narland
Minister
 
Posts: 2530
Founded: Apr 19, 2013
Anarchy

Postby Narland » Fri Sep 27, 2019 6:33 pm

The Citizenry of Narland rejects serfdom and Feudalism en toto such as income Taxes and Payroll Taxes, They are seen as Marxist subversion to destroy Liberty and Justice of the People in general and the livelihood of the Workers in particular. In 1954 the Commonwealth of Narland unanimously passed the Fair Income Tax Act. Only self-declared Socialists (and official members of socialistic parties) are subject to a graduated income tax. For everyone else it is voluntary. The Socialist must sign a certificate of indenture to the Commonwealth Tax Enforcement Bureau subject to their own court system should they violate their promise.

Free Citizens of the Commonwealth:
0% Income and Payroll Taxes

Socialists and Felons on Parole
1st Percentile of the year's aggregated sum of Commonwealth Income:
1%-19% scheduled in 19 graduated steps
2nd Percentile of the year's aggregated sum of Commonwealth Income:
20%-38% scheduled in 19 graduated steps
3rd Percentile of the year's aggregated sum of Commonwealth Income:
39%-57% scheduled in 19 graduated steps
4th Percentile of the year's aggregated sum of Commonwealth Income:
58%-76% scheduled in 19 graduated steps
5th Percentile of the year's aggregated sum of Commonwealth Income:
77%-95% scheduled in 19 graduated steps
No Exemptions.

So far no one in the Commonwealth of Narland has volunteered to join the commitment to a Socialist Graduated Income Tax, and the Indenture Bureau offices remain vacant. Felons by definition are wards of the State and must pay a graduated income tax as punishment for their crime until they are off of parole. This part is enforced by the local Prison Bureau
Last edited by Narland on Fri Sep 27, 2019 7:02 pm, edited 9 times in total.

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Blodrike
Envoy
 
Posts: 289
Founded: Sep 14, 2017
Ex-Nation

Postby Blodrike » Fri Sep 27, 2019 8:24 pm

None unless you live within city walls. The government, if you can call it that, is very hands-off in private affairs and will only step in to quell revolts.
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National Yorkshire
Spokesperson
 
Posts: 112
Founded: Aug 03, 2019
Ex-Nation

Postby National Yorkshire » Sat Sep 28, 2019 3:24 am

The Republic of Yorkshire has 4 income tax brackets (adjusted for inflation and converted from YSP to USD)

$0 - $15,000 Personal Allowance (taxed at 0%)
$15,000 - $60,000 10%
$60,000 - $185,000 30%
$185,000+ 35%

The personal allowance is also taxed at 50% rather than at 0% for those earning over $125,000.

VAT currently stands at 20% (or at 0% for exempted goods), corporate tax at 15%.
News

Independent Yorkshire in the year 2050.

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Deeper Grea
Civil Servant
 
Posts: 8
Founded: Sep 07, 2019
Ex-Nation

Postby Deeper Grea » Sat Sep 28, 2019 7:22 am

In Deeper Grea, all individuals pay a flat 25% tax on all incomes over $20,000. There are no tax deductions permitted, except that a citizen may place up to 15% of their earned income for that tax year into a tax deferred account, taxes to be paid on the amount withdrawn in the year of withdrawl. This is done to encourage investment for the future, specifically retirement as Depper Grea only pays a $15,000/year pension to all citizens older then 65.

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Ikelia
Lobbyist
 
Posts: 15
Founded: Oct 01, 2019
Ex-Nation

Postby Ikelia » Thu Oct 03, 2019 10:32 am

Ikelia has a progressive income tax, ranging from 0% to 30%. There are six income tax brackets:

$0 - $20,000 0%
$20,000 - $25,000 5%
$25,000 - $35,000 10%
$35,000 - $50,000 15%
$50,000 - $80,000 20%
$80,000+ 25%
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United Brexiteer Gammons
Civil Servant
 
Posts: 6
Founded: Oct 03, 2019
Ex-Nation

Postby United Brexiteer Gammons » Thu Oct 03, 2019 11:40 am

Tax isn't a thing in UBG. All revenue is taken from the seizure of criminal's (that includes you remoaners) assets.
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Satirical nation in which an army of middle aged, Brexit party voting, angry bigoted men take over the UK in a coup. If anything, represents the antithesis of my views.

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

Postby Coconut Palm Island » Thu Oct 03, 2019 2:50 pm

In USD, our brackets are:
Individual
0-20,000 USD: 0%
20,001-40,000 USD: 4%
40,001-55,000 USD: 8%
55,001-75,000 USD: 12%
75,001-100,000 USD: 16%
100,001-150,000 USD: 20%
150,001-200,000 USD: 25%
200,001-250,000 USD: 30%
250,001-300,000 USD: 35%
300,001-500,000 USD: 40%
500,001-1,000,000 USD: 45%
1,000,001-10,000,000 USD: 50%
10,000,000 USD +: 60%

Business
0-100,000 USD: 0%
100,001-1,000,000 USD: 8%
1,000,001-10,000,000 USD: 16%
10,000,001 USD +: 24%


In addition, a flat sales tax of 10% exists on all items, except for "essential" items such as food and medicine, which are taxed at 2.5%. Finally, we have a wealth tax, where all wealth over 10,000,000 USD is taxed at 2.5% per year, and all wealth over 1,000,000,000 USD is taxed at 10% per year.
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King of Coconut Palm Island
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Barfleur
Ambassador
 
Posts: 1047
Founded: Mar 04, 2019
Left-Leaning College State

Postby Barfleur » Thu Oct 03, 2019 3:51 pm

All citizens pay a flat income tax of 25%, and corporations with over 500 employees pay a business tax of 18%.
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Co-author, GA#534.
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