[CPF] Taxes and Budget

Day 2,386, 12:09 • Published in Canada Poland • by TheSmoke



This one is for Tom Joad,

Well the tax talks have been underway, exciting I know, just like last nights fight between the viper and the mountain, spoiler alert they all hold hands and sing!

Either way, the question is no longer should Canada raise taxes, instead its by how much? It comes down to keeping prices low for younger players, or Canadians who are not very financially secure vs higher taxes to support the country during war times. Arguments have been made on both sides, and all have been valid. The important question is where would these taxes take us? If we collectively make some goals, then we have some basis for our tax rates, instead of just saying more money, higher taxes = good.

I would suggest that we aim for these goals:

1) Maintain a healthy MPP stack with LETO and friends.
2) Build up our war funds with the Canadian Civil Defense MU. I would like to see a treasury float of no less than $100,000. This means that at any time we are attacked, and need to defend our interests, we have money available, in accordance to the rules of the CCD Act.
3) Pay off all remaining debt within our 5 month time frame. $10,000 a month to Australia is our current deal. Should be easy enough.

The following documents show what our predicted treasury would look like at a 3% tax rate on the left, and a 5% tax rate on the right. This is based off of current tax income at 1% across the board earning us $2,000 a day. The 3% and 5% are also uniform tax rates as it is the only way to extrapolate accurately from current rates.

(Note: I have included potential losses in tax revenues due to higher tax rates. Respectively for each multiple of tax rate, I have deducted that same percentage from the total.
$2,000 x 3% taxes = $6,000 - 3% = $5,820
$2,000 x 5% taxes = $10,000 - 5% = $9,500.)





These tax rates allow us to keep an easy stack of 10 MPPs, begin to pay off our debt and leave extra money for a war fund. If we wish to keep a minimum of $100,000 in the treasury, and use the rest for a war fund, at 3% tax rates we would have $95,500 in two months. At 5% tax rate we would have $320,430 for war funds in just 2 months.

What I see here is that at both tax rates we are easily able to keep a good MPP stack, we are able to pay our loan agreement, and we have extra for a war fund. The big question to me is how much is a good war fund? I want Canada as a nation to be ready for any potential combat, and not have to solely rely on private donations, however we can't stretch the pocket books of young Canadians when we might not even have a war soon.

What do you guys think is best?

(Note: A 4% tax rate would put us at $309,410 after two months, enough for a $210,000 war fund.)



Cheers,

TheSmoke