[MoF] August Finance Report
New Ireland Bank
Ministry of Finance Month End Summary
The August presidential term was an interesting one. We had a system tax change that gave us both a revenue boost and a heated Dail debate. We also had some Admin missions that helped boost the economy.
Here is the daily tax revenue for the month
(Including July for reference/dramatic effect)
Note: Some of those big spikes were caused by the admin missions.
And the Tax Account balance, which pays for our MPPs, looked like this:
You can see here for information about how our current tax levels were established.
In August the monetary market sucked. For months the currency value has floated around 220-235 (10-17% profit) but this month it dipped down to 209 (4.5% profit) and has been slow to recover. Many of you may not care about this much but it results in difficult gold fishing, which is where we make much of our Army funding. That being said my deputies and I are pushing hard to reach our investment goals. The influx of admin gold from the SHIELD competition certainly helped.
Here's that currency value chart:
A large part of the Finance Ministry's funding goes to fund the Irish Army. Through investments and your donations we have been able to fund our soldiers well and keep our forces strong and growing.
We supplied over 31,000cc to the Irish Army this month, most of which was used to turn hard work by Army commune members into weapons. This is a very efficient way to supply soldiers.
My Team and I expect another productive month and look forward to working with our new CP to keep Ireland strong.
Thanks for your time,
-=AppleMan=-
Minister of Finance
Comments
Also, we're recruiting. If you would like information about becoming a part of the Finance team please pm me.
o7
o/
Thank you for the update AppleMan!
lol changed my business around so government gets the least amount. your income was the highest on 1% at 5% everyone started losing faith in you and dissolving companies in mass. thanks for effin up the economy for the country for months to coms
Well that was silly of you then. Government did say the 5% tax rate was an experiment i.e. wouldn't have lasted indefinitely.
Welcome to the liquidised assets club bro o/
Are we seeing the same chart? Income spikes at 18%, drops immensely at 1% then goes back up at 5%. Congress debated and determined that was too high so it finally landed at 2% where income dropped again.
Missions aside our MPP income is directly related to the work tax rate.
Even at 2% some businesses may not be profitable. That the unfortunate reality of living in a limited resource country.
i was $400 of that income thx for effin up the economy
Well some update is better then no update.
See Sweet? And you said it can't be done when you were minister.
To much theft to cover...isn't it Sweet....
Also, not related to this article but can for some reason when i see word Tax or Taxes i smell shit.
Don't know why....
Funny. I have the same reaction when I see THE WORD.
and I know why....
Off course you know why.... it's called hygiene.
Or to be precise a lack of hygiene....
You know Yddub...toilet paper was invented long time ago.....use it....
Apparently you've mistaken THE WORD for toilet paper when actually THE WORD is pure shit, hence the odor.
Is the money market profit rate drop tied to the influx of gold from the National Shield contest?
Exactly.
Look at me. I understand finances. lol
31,000 generated at 4.5% is only 230K in reserves. You must still be growing the reserves. Lets hope those funds do something fun one day and not get stolen. Keep up the good work Apple and thanks.
Go Skins.
Same bet as last year? A week of the others Aviator?
Sure. I'll have to find a special one for you.
And don't break RGIII
this year the aviator is going to be even worst. bet on.
Yes, still growing Moo.
Apple you a texan or Cowboys fan?
Was Oilers then Cowboys. Don't watch Cowboys much anymore, too much ongoing disappointment.
And the disappointment will continue with Romo starting. lol Same with the Jets if they don't stick with Geno Smith or pretty much anyone over Sanchez. RGIII is incredible however and is going to get Wash to the Bowl some day.
The disappointment will continue until Jerry Jones either dies, sells the team or gets his head out of his ass and hires a Manager instead of trying to do it himself. My bet is on the first option xD
yeah jerry jones is kinda acting like stienbrenner did with the yankees before he stopped trying to micromanage and fuck everything up and sit back and do his job, sign paychecks. Looks like a close game in their favor so far... which is a shock. lol
Go niners
Go Giants.
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Nice to see a report...thanks for this
Voted
Thanks for the update. Are you now using the full 1900 gold for fishing?
Yep. It's put to good use, safe and secure.
http://www.erepublik.com/en/article/thx-nogin-2316211/1/20
with only 57 subs your newspaper isn't very popular, but i guess 57 is good considering its content is poor.
nogin ngin nogin tut tut tut if your supplying persons with sensitive info do not piss them off. thats traitor 101 lol.
I never gave you any sensitive info ever, wake up and start living in the real world and stop making things up to fit your story/time line.
Still miffed at not getting any free IA weapons i see, best decision the IA ever made.
He's had this info for months. Don't let him get to you. My only question is: RTK why did you target Nogin with this silly attack?
that's easy, in a shout he attacked seanan for not giving him free weapons, i defended seanan position,, so that makes me a target.
Good to see a financial report 🙂
Apple, i have a question. Maybe you can answer it (out of curiosity mostly).
The tax rate is fixxed at 2%. Yet the tax is not fixed. For example yesterday i paid 12.50 IEP and today (working the same companies) i paid 13.50 IEP. This has started since the day work tax was activated. Any idea why the tax is not at a fixed price?
The "average wage" calculation is constantly fluctuating. It started at 24, and moved to the high 30's. It will probably never stagnate. Hopefully it will get corrected to the 6-8 IEP level it should be.
Yup. Thanks B