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Proposal: Reducing wage tax
Forum Index » [GB] United Kingdom
Author Message

I come in peace

Joined: 20/05/2013 23:36:19
Messages: 89

I checked country receipts and in last 24 hours wage tax from companies was 480 GBP. Currently tax is 30%.
I think we can easly reduce it to 25% (minimum allowed value). 5% lower production costs enable us to produce cheaper goods and also
make extracting resources cheaper. Cheaper products may boost our incomes from export, as well as make them more affordable on local markets.

Influence on budget
Reducing wage tax would make incomes go down from 480 GBP to 400 GBP.
Our daily budget (average expenses over 7 days) is 2400 GBP.
Our daily incomes from taxes is 880 GBP (after converting euro and gold to GBP). From golf tickets I estimate average daily income is around 600 GBP.
Total incomes are around 1480 GBP. Actually I think its a bit more and summary report doesnt sum all incomes. We are keeping budget and currency stable for over a month.

Conclusion: 80 GBP is 3% of our budget. I dont think it will have any significant influence on our currency value.

This message was edited 1 time. Last update was at 21/11/2013 20:12:13

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