Taxes & Money: A Frank and Honest Discussion

Day 1,222, 14:57 Published in Ireland Ireland by Bhane

Most of the laws available to congress are tax laws. Tax policy can change and shape a nation. Tax law can directly motivate a people in a direction that the leadership would like.



With the advertisements gone, we can't spend funds on advertising to attract new citizens. I was lamenting how I would have liked to help our country grow by spending our money that way. This train of thought lead me to ask myself, "What do we spend our money on?" I have never been the CP, so I do not know all the needs and options available to a CP. I do know that the country's accounts collect funds from all 3 of the types of taxes.


Let's share a basic tutorial of how taxes work. Not everyone may know the exact mechanics.

VAT (value added tax)
Suppose you see food posted on the market by an Irish citizen for 1 IEP. If the VAT is 3%, then you will pay 1 IEP per unit. The seller will get 0.97 IEP, and the eIreland's accounts will get 0.03 IEP. There is no VAT on raw materials, the rate is always 0% for raw mats.

Import tax
Suppose an eCanadian citizen posts food on the market for 1 IEP. If our import tax is 20%, and the eCanadian VAT is 5%, then the posted price you will see in the market is 1 IEP. The eIrish VAT does not apply to this good, you will pay 1 IEP to buy the food. Of that amount, 0.75 IEP will go to the seller, 0.20 IEP will go to eIreland's accounts, and 0.05 IEP will go to Canada's accounts.

Income tax
Suppose your employer pays you 10 IEP for a day a of work. Let's say the income tax for your industry is 10%. The employer will pay 10 IEP, the employee will receive 9 IEP, and 1 IEP will go to eIreland's accounts.



Now we know where all the tax money comes from. My question is, "Where is it going?" What does our country spend money on?

I strive for more transparency in eIreland. The light of day chases corruption away. I know there are costs of running a country, I'm just curious how it works. I am unfamiliar with the upper echelons of an e-country's leadership. I am fairly confident that almost every 2-click citizen is also unfamiliar with the game mechanics at the top of the political ladder. Hundreds of us are out of the loop on money matters. I humbly request that CP's and former CP's share their wisdom. Anyone with knowledge about where we spend the money in our country's accounts is invited to share their insights.

Thank you for your time,
Bhane