Current tax system?

[MSJC]

Hi guys, i was wondering if anyone knows what the current tax system the government have in place so i can calculate some numbers.

[Flucifial]

Yo!

 

If you have assets (money, cars, houses) worth anywhere from $0-$500,000, any income will be taxed at 2%. $500,000-$1,000,000 assets, income will be taxed at 15%. Anything above $1,000,000 will be taxed at 35%.

 

(( Buying VIP will have tax reduced. ))

 

Tax is pre-calculated with your salary. (( When you do /salary, the amount that pops up is the amount of money you will receive when taking it out of the bank. The taxes are already taken out. ))

 

Hope this helps,

Thomas Voight

 

(( @MSJC ))

[MSJC]

Thank you very much!

[Jasmine]

20 hours ago, Flucifial said:

Yo!

 

If you have assets (money, cars, houses) worth anywhere from $0-$500,000, any income will be taxed at 2%. $500,000-$1,000,000 assets, income will be taxed at 15%. Anything above $1,000,000 will be taxed at 35%.

 

(( Buying VIP will have tax reduced. ))

 

Tax is pre-calculated with your salary. (( When you do /salary, the amount that pops up is the amount of money you will receive when taking it out of the bank. The taxes are already taken out. ))

 

Hope this helps,

Thomas Voight

 

(( @MSJC ))

Thanks for this.

I assume money that comes in from a business (say a gas station) would be taxed income? 

 

[alexalex303]

Gas station income is indeed taxed.

[TheCanadian]

2 hours ago, alexalex303 said:

Gas station income is indeed taxed.

Worst than taxed, gas stations get double taxed!

[Jasmine]

1 hour ago, TheCanadian said:

Worst than taxed, gas stations get double taxed!

Explain?

[TheCanadian]

5 minutes ago, Jasmine said:

Explain?

 The gas station takes a tax by putting it in your salary and then taxed once again by taking it out of the salary.

This is why those who can afford them aim to purchase dealerships or weapon stores as they get taxed once. Gas stations get shafted by taxes.

[Jasmine]

2 hours ago, TheCanadian said:

 The gas station takes a tax by putting it in your salary and then taxed once again by taking it out of the salary.

This is why those who can afford them aim to purchase dealerships or weapon stores as they get taxed once. Gas stations get shafted by taxes.

What kind of nonsense is that?

So $100 bucks in profit is taxed 35% down to $65.

Then taxed as income down to $42.50?????

[TheCanadian]

Just now, Jasmine said:

What kind of nonsense is that?

So $100 bucks in profit is taxed 35% down to $65.

Then taxed as income down to $42.50?????

I am not rich enough to own a gas station, but yes this is my current understanding from speaking to friends who own them. It really sucks.

[Kes]

in my case even by selling fish i get taxed to put money into salary and when i take salary i get taxed again...

[Pvle]

its like im in 35% tax, im getting 1250~ and in salary im only getting about 850

[Salvador Rivera]

Los Santos  Government is taking to much from us . 

Stealing and taking all the time from the Civilians ! 

[ChuckM]

On 4/27/2019 at 10:26 PM, TheCanadian said:

 The gas station takes a tax by putting it in your salary and then taxed once again by taking it out of the salary.

This is why those who can afford them aim to purchase dealerships or weapon stores as they get taxed once. Gas stations get shafted by taxes.

I'm still curious on this double gas station tax. Definitely should be fixed if so. Dealerships pay 0% tax afaik. Gun stores might be the same but idk. Loan company taxes are broken as well.