Taxes

Taxes are a necessary evil. They are used to fund different aspects of the government. In Geo Online, nations will be allowed to implement different types of taxes. These include taxes on businesses and citizens. Once a tax is implemented by the ruling party, they must set the tax percentage amount of the tax (up to 100%). Taxes are paid monthly in game time (8 real life hours). There are two main types of taxes that can be implemented. Business and Personal. Nations and regions can pick and choose which taxes they wish to implement, if any. In Democratic nations, these taxes have to be approved by the government. In the event that both a state/region and nation have the same tax (income tax or sales tax) the national tax is always deducted first.

BUSINESS TAXES
Business taxes are taxes that businesses pay. While these can increase a nations revenue, businesses may feel that they are paying too many taxes and pack up and leave your nation. Some of the businesses taxes in Geo Online include, but not limited to, Sales Tax and Income Taxes.

Businesses will always pay their taxes first (from highest to lowest) before they pay their employees. If a business is taxed too much, they may not be able to pay their workers enough for the workers to afford the necessities. If the employees are unable to buy the necessities (Food, clothes, water, etc), they may leave for a better job in their current country or leave the country totally for a better situation.

A complete list and more details on the taxes that can be implemented to the businesses in your nation can be found here.

PERSONAL TAXES
There are by far more personal taxes paid to a government than their are business taxes. It seems that everything is taxed these days. Dog Licensing Tax? Really? Geo Online gives plenty of opportunities to tax your citizens. Probably the most well known tax that citizens pay is Income Taxes. Depending on the policies that a nation has in place, some taxes may not be available. Why would you tax cigarettes if cigarettes are banned in your nation? Citizens always pay any tax first starting with the highest rate. Once all the taxes are paid, citizens will buy their needs (food, water, clothes, etc.) and then with any money left over, purchase luxury goods if they can afford it. If a worker is paying too much in taxes, they may not be able to purchase the things they need to survive which could lead to anger and they may voice their displeasure at the polls at election time. A complete list and more details on the taxes that can be implemented to citizens can be found here. In the event where a region AND nation both have a tax (such as income taxes) the national tax is always deducted first and then the state/regional taxes.