Intell
Junior Chimp
Posts: 6,812
Political Matrix E: -6.71, S: -1.24
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« on: November 21, 2019, 07:34:29 AM » |
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« edited: November 24, 2019, 11:30:51 PM by Intell »
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Income Tax
0-25 000: 0% 20 000-80 000: 25% 80 000-250 000: 40% 250 000+: 55%
Corporate Tax
Flat rate of 25% with tax refunds for new businesses.
VAT Tax
10% excluding food, female/male stationary necessities (toilet paper, tampons)
Payroll Tax
6.5% (Social Security) 3% (Medicare) (Extra 1.5% charge on those earning over 80 000 if they don't use private insurance instead)
Capital Gains Tax
0-80 000: 0% 80 000-250 000: 25% 250 000+: 40%
Wealth Tax
1% for assets over $1 200 000 2% for assets over $ 12 000 000
Inheritance Tax
25% for assets over $ 1 200 000
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