Difference between revisions of "Income tax"

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|'''Income tax''' was a tax set forth by the [[Country administration]] that was deducted from wages received by employees.<br />Tax revenue was added to the [[Treasury]].
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'''Income tax''' is a tax set forth by the [[Country administration]] that is deducted from wages received by employees. Tax revenue is added to the country [[Treasury]].
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;Example: ''If an employee worked for a [[food]] company for a {{Money|5.00}} '''wage''', and the '''income tax''' rate for food companies was '''5%''', then the employee would receive {{Money|4.75}} '''net wage'''. {{Money|0.25}} is added to the treasury.''
  
;Example: ''If an employee works for a food company for a '''$5.00 wage''', and the '''income tax''' rate for food companies is '''5%''', then the employee would receive '''$4.75 net wage'''.''
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<span style="color:red;font-size:14px;">'''Income tax was replaced by the [[Work tax]] on Day 2,089!'''</span>
  
Tax rates can be viewed by clicking on the [[Economy]] tab on [[Country stats]].  
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Tax rates can be viewed by clicking on the [[Economy]] tab on the [[My_country|Country stats]].  
  
 
==See also==
 
==See also==
*[[Import Tax]]
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*[[Work tax]]
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*[[Import tax]]
 
*[[VAT]]
 
*[[VAT]]
*[[Taxes]]
 
  
 
{{Back|Taxes}}
 
{{Back|Taxes}}
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{{MenuEconomy}}
 
{{MenuEconomy}}
[[Category:Laws]][[Category:ERepublik Legacy Articles]]
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[[Category:Laws]]

Latest revision as of 09:54, 13 July 2022

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Icon taxes.gif Income tax was a tax set forth by the Country administration that was deducted from wages received by employees.
Tax revenue was added to the Treasury.
Example
If an employee worked for a food company for a Icon - Money.png 5.00 CC wage, and the income tax rate for food companies was 5%, then the employee would receive Icon - Money.png 4.75 CC net wage. Icon - Money.png 0.25 CC is added to the treasury.

Income tax was replaced by the Work tax on Day 2,089!

Tax rates can be viewed by clicking on the Economy tab on the Country stats.

See also


Back.gif Back to Taxes page