Income Tax
How can a country have a 100% income tax and still have a strong economy? Is this a glitch?
I was wondering that myself.
Unfree People
05-10-2004, 15:53
No. Capitalism isn't the only way to a productive society and economy.
Everything on this site is exagerated,you see,the pages are not meant to be realistic.I mean,come on,the population goes up by millions daily!
No. Capitalism isn't the only way to a productive society and economy.
lies!LIES!
United White Front
05-10-2004, 18:12
how can a country with a 0% tax rate have gov't expenditures
Lellinostria
05-10-2004, 22:54
how can a country with a 0% tax rate have gov't expenditures
They could derive income from other sources, like tariffs and extortion (tribute).
The Most Glorious Hack
06-10-2004, 14:37
Sales tax, estate tax, luxury tax, dividend tax, alcohol tax, tobacco tax, drug tax, capital gains tax, gasoline tax, excise tax, water tax, electricity tax, natural gas tax...
There's plenty of taxes aside from just income tax.
Texan Hotrodders
06-10-2004, 15:07
How can a country have a 100% income tax and still have a strong economy? Is this a glitch?
1.) Corporate welfare improves the companies' ability to operate and produce goods.
2.) Social welfare puts more money in the hands of those who will go out and buy what they need rather than those leaving their money stagnant in bank accounts with huge numbers of zeros.
That sort of thing tends to improve the economy. Socialism is basically capitalism on government assistance.
1.) Corporate welfare improves the companies' ability to operate and produce goods.
2.) Social welfare puts more money in the hands of those who will go out and buy what they need rather than those leaving their money stagnant in bank accounts with huge numbers of zeros.
That sort of thing tends to improve the economy. Socialism is basically capitalism on government assistance.
yeah in this game only, real world you get the soviet union like that ;)
Texan Hotrodders
06-10-2004, 22:44
yeah in this game only, real world you get the soviet union like that ;)
If you're lucky! j/k
Seriously though, while not in favor of those policies myself, I tend to think it can work in the real word, given the appropriate conditions.
coughScandinaviaandFrancecough
Of course, even then there are drawbacks, but every economic system has drawbacks.
Junipers
06-10-2004, 22:57
hi.
I just noticed that my income tax rate increased by 2 percentage units since the last issue. the "result" of the issue was: the government spends millions of berrys every year prosecuting spammers.
but.. if the government prosecutes spammers and wins, it should go plus when it comes to money, that way the extra taxes are not needed. why did the income tax increase?
besides.. I want the spammers :mp5: , not prosecuted, but that wasn't an option..
if I'd go by my rules, I'd have to dismiss almost all issues. :(
Junipers...
Read everything in the issue, and it might change your views...
I think it would cost some money to prosecute the spammers, although i cant think of any way off the top of my head.
My economy is thriving and I keep taking the cheapskate side of issues, but my income tax rate is STILL 100%! What's the deal?!
Katganistan
11-05-2005, 20:55
"Scandal Rocks $NATIONNAME" and "Budget Time Approaches: Accountants Excited!" are my two favorite issues for cutting taxes.
Thundersbury
11-05-2005, 21:03
"Scandal Rocks $NATIONNAME" and "Budget Time Approaches: Accountants Excited!" are my two favorite issues for cutting taxes.
I have not yet seen these issues. Are they recent ones?
Dempublicents1
11-05-2005, 21:10
My economy is thriving and I keep taking the cheapskate side of issues, but my income tax rate is STILL 100%! What's the deal?!
I think to reduce taxes, you have to get a specific "let's get rid of taxes" issue.
Katganistan
11-05-2005, 23:06
I have not yet seen these issues. Are they recent ones?
No, not particularly....
--Neo-America--
12-05-2005, 17:46
If you have a 100% Tax Rate you may receive the 'Purple Tax' Issue which touches on the fact that your tax rate is that high.
"Scandal Rocks $NATIONNAME" and "Budget Time Approaches: Accountants Excited!" are my two favorite issues for cutting taxes.
I think to reduce taxes, you have to get a specific "let's get rid of taxes" issue.
I've taken the tax cutting sides on those issues every time, but my income tax is STILL 100%.
Light Keepers
15-05-2005, 04:47
I don't know if you've gotten these or not, but I think they were what helped me lower mine a bit. (My tax was never 100% though, and these only changed it a few percentage points at a time -Note: These are just what seemed to change it, they might not all be effective.)
#81: Close Encounters of the Sci-fi Kind? -option 3
#147: Military Budgets Up For Approval -option 6
*This one I'm not as certain about, I don't remember if it lowered my taxes or not (but it seems like it would have.)
#161: Where There's A Will There's A Tax -option 1
My income tax is STILL 100%! I think this might be a glitch!
Flibbleites
22-05-2005, 08:02
My income tax is STILL 100%! I think this might be a glitch!
Don't worry, it can take a while to get off of 100%. I should know as I had that at one time.
Liverpool England
22-05-2005, 08:51
Mate, I've been on 100% a year and a half (bar two days at 98% and one at 97%). It takes patience and time.