[CPF] Canadian Tax Income
TheSmoke
This one is for Tom Joad,
Some people say the 100 dollar bill smells like maple syrup, I dunno, but I hope one day I will have 100 dollars
😒Anywho, Canada has been gaining her home and native lands back for the last few days now, and we will be close to having all of our normal regions secured within a few more days. This has significance for many reasons, but this article will be focused on the financial implications.
Once we gain our regions back from USA, we will be earning on average $2,000 a day. Since it is unclear when we will regain our two regions from Chile, income has been based solely off of the $2,000 a day.
-Canadian tax revenue daily from all sources is roughly $2,440.10
-Canadian economy is valued at roughly $244,000.00 a day
-Increasing taxes will multiply our current revenue, however higher prices will make some people shop elsewhere, in turn decreasing revenue slightly
-America earns $200 per region roughly
At 1% taxes across the board, Canada will barely be able to sign 5 MPPs a month. Increasing all taxes to just 2% will almost double our daily income, allow us to sign a reasonable stack of MPPs, pay off $10,000 a month to the Australian Government for our loan, and pay another $1,000 a month for REDACTED.
This is just a preliminary assessment of the Canadian Government revenue. These numbers have been primarily based on estimates and a low data set. We believe the numbers are as accurate as can be, but accept that eRep is weird with money
😉
Cheers,
TheSmoke
Comments
Which tax do you want to increase?
We would likely increase all taxes evenly, has usually been that way in the past
Set aside some cash for rainy days as well. This countries long standing spend it if you have it policy needs to be curtailed at least some, especially if the chance of a long wipe is on the table.
Also don't forget about the funds needed to pay back the bonds. I haven't looked at the numbers lately but remember gold can be used to print currency now that we have a congress.
Yes several months back I pushed through the CCD act which gives the country an official MU for CO's and a reasonable means to build a war chest. As for the bonds, those are being paid by the gold in our treasury, which I have not included in this article.
a few points to the work tax aint gonna hurt anyone
I wish everyone shared that sentiment. Last time we debated passing an increased WT (while holding all of our regions), people screamed bloody murder.
Personally ill be pushing for a 3-5% Tax rate. Something that the powers would be will be able to actually do something with, like post the odd CO that is not privately funded.
lol even at 5%, we still have a MASSIVELY lower WT than the USA.
Anyway, now that we aren't being occupied it's about time we rose our taxes to a suitable amount.
Even at 100% we'd be lower than the US. The US is a bad comparison because of their kleptocracy.
Didn't know we had to pay for signing MPP's - learn something new everyday.
See no reason why we shouldn't be increasing taxes to cover.
Raise taxes to reasonable amount. (3-5) and once our debts paid start buiilding a war chest for the next invasion.. You know its coming just a matter of time.
Too high taxes as seen in the USA is a real swore spot among the haves and have nots. We need to avoid that kind of infighting by taking a more balanced approach
IMO, the 5% work tax is hefty. A work tax greater than 3% will hurt new players; newbies will lose money from working in the lowest tier food raw materials. Albeit, we can educate and subsidize newbies, and most newbies leave.
Agreed, when I was MoF for a few months in the fall, 3% was enough to get us 10+ MPPs as well as extra money to put away for CO's without being too much of a burden on tax payers
I agree with this analysis. 3% is about as much as you want to go if you want to grow. Well, this is eRep so I mean "not shrink"
Not shrink as fast as everyone else.
I can't see why we need to above 3%. It's a hefty tax for those who have a lot of companies.
I'd prefer to see a tax increase to 3-5% across the board or a 5-8% WT and maintain 1% in all other areas. We not only need to pay our current obligations, but also to build up a war chest as I imagine this peace will not last forever. We need to build up our cash reserves while we have this opportunity. Remember, we can always lower taxes by choice if we remain in control of our regions for an extended period of time. But if we are attacked and wiped again, the only choice we have is to reduce back to 1% when that happens and it may be sooner than we'd like.
I WAM a ton of companies daily and I really don't understand the people who always complain about a 2-3% WT. It is not that big of a deal if you are running your companies properly. I've written numerous posts in a previous Congress about the added cost and how minimal it is, but the peanut gallery always claims it will put them out of business.
My concern is with the newbies who are still figuring it out. I expect people playing the game for about a year to have a better idea of how to achieve self-sufficiency and can gather resources to adapt to tax changes.
On the other hand, new players are struggling with figuring out all modules of eRep and may not have the business acumen to realize that the free grain farms their given is making them lose money from any WT greater than 3%. Either we educate newbies about it or we don't care about them because they're probably going to leave the game anyway so more money actually stays in circulation from taxing them more than they'd prefer if they knew better.
I wholeheartedly support education and supporting our new players and we can surely put the word out regarding what a new player should and should not be doing either through the new citizen message or educational articles.
Well I can tell you that personally, I haven't sold a single thing since the war started, since my only license is to the US. (and those licenses are expensive!) Which means I live on gold rewards, and use my daily wages to pay for moving from place to place. Higher the tax goes, the less mobile I am. And if my daily wage is less than my WAM tax is, then I have to pick and choose which days not to self-supply and not fight. I have no idea how you're managing to turn a profit, even when I could sell my goods, you don't make much at pennies for raws, and selling weapons other than Q7 is pointless (and Q7s require a lotta raws)
United Front is behind any tax rise 🙂
False: I believe you will oppose a 20% tax rise ;P
Truthed