Work Tax: 10% to 5%; What does that mean?
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by Mann551
In just a few small hours, eCanada’s work tax will be lowered back down to 5%. You can see the law proposal here. What are the estimated effects of this change?
Personal Changes?
Your working taxes are halved. For WAMing, your cost of 3.47 per company per work will be reduced to approximately 1.73-1.74, assuming the current average wage stays where it is. This might encourage some people to restart some of their companies that they work as manager in. Overall production prices will decrease, and therefore, estimated profitability will increase.
Country Income Changes?
The first thought is that the country income will drop down to half of what it currently is. Right now we are getting say about 12,000cc/day. We can expect something like 6,000cc/day come tomorrow. My own prediction though is that as people find that they are making more per company, it is very possible that people will begin WAMing a little bit more, producing more of a tax income. Also, the general job market might see an increase in wages. An increase in wages will also see an increase in the average wage, which increases the cost of WAM.
Ultimately, it will take a little while for the market to correct itself and find its new normal, but I do think that overall, country income will raise a little higher than half of the current, while also seeing more productive individual citizens.
Side Notes: More production potentially means cheaper prices in the market.
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Comments
Good article , Mostly speculation right now but it always is when it comes to taxes.
yes, I agree. But theoretically, all income should be halved for the country. All operating costs should be halved for producers
WAM tax *will* be cut in half but it depends on how many work , The country income may be more due to more people bothering to click now they know it won't starve their families lol
@Mann51 Ugh i meant to hit reply i'm drunk >.>
haha, got my name wrong too 😛
Well bugger
sweet!
http://s3.amazonaws.com/wootsaleimages/Ding_Dong!_The_Witch_is_Deads9gDetail.png
now I can afford to make my own food again
awwww I liked our little scheme
That all makes sense to me. I'd put the average right now slightly higher at $12,500 but that doesn't change too much. I'll put 5 cc down that we'll be hovering around $7,000 to $7,500 within two weeks, barring a war or some sort of a contest (both of which would be unexpected at this point).
You know what - let's make it 10 cc. 😛
Totally nailed it, btw.
well at 10% i only make food, and the government gets around 15 bucks or so (instead of 85) but when its at 5% i make everything and you get your 40 bucks...