Office of GM SJoyce

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

You can calculate this yourself.

Not really.  The GM typically puts his own spin on how much a tax increase will discourage people from buying the product.  Typically, a pure doubling of a tax rate doesn't lead to a doubling of tax revenues.

That's what I was thinking. Thank you for the information.

[Queen Mum Inks.LWC]

An analysis of the bill I asked to get analyzed would be nice, or at least an answer to my PM telling me that you're not going to analyze the bill... the Mideast Assembly is waiting on you at this point.

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

You can calculate this yourself.

Not really.  The GM typically puts his own spin on how much a tax increase will discourage people from buying the product.  Typically, a pure doubling of a tax rate doesn't lead to a doubling of tax revenues.

That's what I was thinking. Thank you for the information.

So after all this. I have to say that I no longer need an assessment due to inadequate updates of the Midwest budget.

[windjammer]

Hello Sjoyce,
For 2013, Griffin made this analyse of this Income Tax Rate:
Income Tax Rate:
$0-$20,000 ---- 0%
$20,001-$50,000 ---- 2.5% ($17.275 B)
$50,001-$100,000 ---- 5% ($11.294 B)
$100,001-$250,000 ---- 7.5% ($10.866 B)
$250,001- Onwards - 11% ($15.659 B)

Always for 2013, could you make a prediction for:
this proposal:
Income Tax Rate:
$0-$25,000 ---- 0%
$25,001-$50,000 ----  2%
$50,001-$100,000 ----  4%
$100,001-150 000----- 6%
$150,001-$200,000 ---- 7.5%
$200,000-$250, 000---- 9%
$250,001- $500,000 ---- 11%
$500,001 - $1,000,000 ---- 13%
$1,000,001 - + ---- 15%



and this other proposal:
$0-$20,000 ---- 0%
$20,001-$50,000 ----  2% ($13.82B)
$50,001-$100,000 ----  4% ($9.0352B)
$100,001-150 000----- 6%
$150,001-$200,000 ---- 7.5%
$200,000-$250, 000---- 9%
$250,001- Onwards - 11% ($15.659 B)

With more tax bracket, I don't know the income taxes for all brackets!
Thanks

 

[President Tyrion]

SJoyce is no longer GM.

[Donerail]

Hello Sjoyce,

Please hold concerns until SirNick takes over.