Income Tax from sales (Full Version)

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andyinkuwait -> Income Tax from sales (9/4/2020 7:15:54 AM)

Anyone know how the tax is calculated for sales? Quoting from a few Zone Reports

Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)

My Income Tax rate is 20%



zgrssd -> RE: Income Tax from sales (9/5/2020 6:15:48 PM)

quote:

ORIGINAL: andyinkuwait

Anyone know how the tax is calculated for sales? Quoting from a few Zone Reports

Population sold 14 Metal to traders for 9 Cr. Income tax over that 3 (33% tax rate)
Population sold 112 food to traders for 34 Cr. Income tax over that 7 (20% tax rate)
Population sold 46 food to traders for 23 Cr. Income tax over that 5 (22% tax rate)
Population sold 12 fuel to traders for 8 Cr. Income tax over that 2 (25% tax rate)

My Income Tax rate is 20%

The math does match up:
9 * 33% = 3
34*20% = 6,8 = 7
23*22% = 5,06 = 5
8*25% = 4

No idea where those figures come from a 20% tax rate either.



HansLemurson -> RE: Income Tax from sales (9/5/2020 7:33:39 PM)

Everything seems like it could be due to simple rounding, except for 3 credits from 9 trade. 20% of 9 is 1.8, which shouldn't round to 3.



andyinkuwait -> RE: Income Tax from sales (9/6/2020 11:19:06 AM)

No, no those percentages are MY calculations. The only reported values are the numbers.

The issue is why are these percentages different and why aren't they all 20%?



andyinkuwait -> RE: Income Tax from sales (9/16/2020 6:45:52 PM)

Still really confused on this issue and no joy from Vic.

I would have thought, as Supreme Leader, I would at least know how my own income tax system worked !!

Maybe I'm misunderstanding the English used e.g. 'Income tax over that'




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