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While we were all busy with the National Shield event, the developers sneaked this in: Work Tax

What does this mean?
This means, we're taxed for every company we work for, even as manager.

Here's what it means in numbers.

Based on our country page, our average salary is at 32.84 PHP and our work tax is set at 10%. If I own 1 company, and work in it (even as manager), then I pay 3.28 PHP. If I own 10 companies, then I'll have to pay 32.84 PHP.

Bottomline is working in your own company is no longer free.

How will this affect the economy?
Because generating supply wouldn't be (nearly) free anymore, supply would slowly dwindle thus driving up prices, particularly on raw materials. Now, since this is closely tied to salaries, salaries would most likely never go up and could actually go down. With salaries going down and prices going up, the picture isn't rosy.

My recommendation to the current government is that this be set as low as possible so that the citizens can still produce their own supplies without being financially impacted. Setting this to a low rate also allows our citizenry to compete with the world market as far as costs go since this now becomes a large part of the expenses in producing a product. At least we can produce it cheaper and hopefully have people sell it locally in internationally competitive rates.

2 to 3% I think is a good rate that would not affect our national treasuries as much since taxation collection coverage is vastly increased (we now are able to collect taxes on working managers) and also considering that any particular citizen is now taxed multiple times.

Time to update my spreadsheets.

PS. This was how I understood things. I'm a 2-clicker so I didn't really notice if my work tax was as high as it should be. I'll update this article after the day rolls around to verify if my understanding was correct.