[MoF] Tax and Treasury Update
Day 2,697, 16:19
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Published in Canada 
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by
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by Aries Prime
Banner courtesy of Pr3zzyy
It’s about that time for a basic update on the state of the treasury and our tax rates. I’ll save you all the trouble of wondering how much money we have: What you see in the treasury is what we have.
Now that we got that part over with, let’s review taxes.
Taxes Appear Stable
Recently we passed the 30 day mark since we returned to the 5% tax rate. Since then our income has drastically gone up. I’ve taken the liberty of creating a simple lazy table so that you all can view at a glance what our figures for the 30-day period are. And for those of you interested in viewing the whole sheet: https://docs.google.com/spreadsheets/d/1kciHSX4EEj-17Zz3FTZ3EmhkKxRft7pxwS4Fs9B-8T4/edit#gid=0
1% Work Tax is the total revenue if taxes were only 1%. Each additional 1% is expected to increase income by said amount. Assumes all other taxes amount to no revenue and players will work at the same rate regardless of tax rate (Within reason).
I created the Iran Share, 1% Work Tax, and Total Revenue variables just now. You won’t find them on the sheet.
Iran clearly takes up a big chunk of our revenue. Currently we aren’t asking for repayment and I don’t expect we will at any point. We actually make a good deal of money if we were to save it. Budgeting is a very easy thing to do with the amount we have, but so far no one wants to do that. Because of this and the constant wars we go through, these numbers are better used for estimates of how much we can expect to spend in a given term. If we ever choose to budget things out, we have some values to work with.
I’m not entirely sure if I’m actually part of the MoF or an adviser at this point, but since I’m actually tracking this stuff I figured I would post it in the right category. I’d also like to get some of our orgs back, but that’s something only the dictator/CP can do. Any questions or comments you can direct to me in this thread.
Aries Prime
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Good work!
Good job!
There is a 100,000 dollars sitting here: http://www.erepublik.com/en/economy/citizen-accounts/1639930
It's Captain of Industries.
eCanada donated 100,000 dollars to Captains of Industry? okay... Goran must be happy. It would be good to have little notes or articles from time to time, describing what canada is doing with its money. The last time we had this conversation, months ago, the congress passed a law requiring a budget and public reporting of revenues and expenditures by the Comptroller. Of course no such thing ever actually happened. So, just to get the ball rolling a wee bit, could you try to find out why this 100,000 dollars went to Captains of Industry and why it has been sitting in this org for a month? I appreciate this may not be your job but I would count it a favour if you satisfied my curiosity.
Kind regards
You understand how dictatorships actually work, right?
yes ED, and how our peculiar one works as well. Any idea if this money was given to Captains of Industry? and why?
[removed]
I'll it it nicer: No, I'm not going to. I'm not the dictator nor do I have any power. I don't even have to do this tax tracking like I'm doing. There are plenty of other people you can bother for why things are the way they are right now.
All I know is supposedly the gov owed them money. You can speak to klop if you want to know exactly what the deal is.
Goran is cool. And so is Rylde. The story behind this 100,000 is one of cooperation to protect a significant fund owned by Captains of Industry and used to support their operations in spite of bothersome game mechanics. Congrats to Rylde for honesty and integrity, and to COI for persistent good management.
Good to know your keeping track of such things.
I would remind everyone that about the only thing tax revenue is good for would be MPPs. Trying to fund COs or other items (mercs, IRC supplies, etc.) just isn't feasible. Beating the dead horse, it costs millions to fight an all out war. Hundreds of thousands can be spent on COs alone in a single round. For over a year, and especially the last 6 months, our fighting has been 90% privately funded.
I'll give you a heads up. As of now, Canada's ability to wage war is significantly reduced. I intend to be the next dictator. After that I'm not paying for crap and will be broke in game.
We can if we actually saved money for more than a couple weeks. Granted private funding will always be important, but the government could actually pull it's weight if we were responsible.
BTW, Administration has made it clear that those orgs cannot be recovered. Basically they told us to piss off.
They can I just have to make like 15 emails and request resets of everything.
Budgeting is an easy thing to do and that's why the total in the treasury is going up while we maintain all our key MPP's.
Just because i'm not parading around a budget doesn't mean I'm not being responsible with our treasury while not at war.
Ahh tracking our funds and budgets, I remember those days years ago when we did far more then just maintain MPP's. Glad to see someone bothering to do it now, to long it has just been spend money blindly.
My initial proposal in senate was correct. 😛 to all the crap I had to v out up with while making that proposal.