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| Taxation | |
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| Tweet Topic Started: Oct 12 2013, 03:40 PM (46 Views) | |
| resilientone | Oct 12 2013, 03:40 PM Post #1 |
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Taxation is the general way to raise revenue for your nation. This list shows the general tax that you levy domestically on the residents of your nation. This includes all domestic taxes, from income tax, sales tax, license fees, parking tickets, etc. General Tax Rate | GDP Growth Rate 05% | 4% 06% | 3.5% 07% | 3% 08% | 2.5% 09% | 2% 10% | 1% 11% | -1% 12% | -2% 13% | -3% 14% | -4% 15% | -5% For simplicity sake this will be the only tax rate in this game. ***NOTE: The tax rate can only be changed at the start of a new year and when creating your nation. NOTE if you change your tax rate more than 1% in any direction per year expect to have possible negative impacts on your nations' Internal Stability. For every 100 million you go into deficit you get -1% to GDP. When you run a deficit you must pay 10% more in fees to get out. So if you spend 100 million to get out of deficit you must pay 110 million. These fees are added at the end of the year and are piled on every year, so if you have a 100 million debt at the end of the year it will increase to 110 million and if nothing is done the following year it will increase to 121 million and so on.****** Edited by resilientone, Oct 12 2013, 03:43 PM.
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