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Post by Matt Kovac on Nov 8, 2007 16:48:18 GMT -4
President and Prime Minister 200 000 Ocian Tolars a year (3846 weakly)
Ministers 180 000 Ocian Tolars a Year (3400 about, weekly)
Deputies in National Assembly (Ministers, the President and Prime Minister make both Deputy's salaries and their executive position salaries. 40 000 Ocian Tolars Yearly.
All government Employees have 3 weeks payed vocation.
So the Math is that Ministers have
15 000 Tolars a Month (before 20% Tax)
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Post by nonette on Nov 8, 2007 19:01:46 GMT -4
Paid vacation good, but...
I think that these numbers are too high. I think that there is no way that anyone could do 3846 times the amount of work that is done in submiting a post to these forums in one week. A salary this high could possibly discourage posting, and sharply devalue our currency against other post-based economies.
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Post by Michael Dervin OCS on Nov 8, 2007 19:05:32 GMT -4
How much Tax and Other Costs will be applied to these Salaries?
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Post by nonette on Nov 8, 2007 19:21:31 GMT -4
I would imagine that "total income" would be the way tax would be applied. It could become complicated otherwise.
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Post by Michael Dervin OCS on Nov 8, 2007 19:23:59 GMT -4
Sounds great, I persume at the upper tax band (20%?)
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Post by Matt Kovac on Nov 8, 2007 20:46:01 GMT -4
For sure. I judged these salaries based on other real governemtns salaries. No one hear is really posting for tolars anyways considering their is nothing you can really do with them.
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Post by nonette on Nov 8, 2007 21:08:14 GMT -4
nothing yet.... I am working on the possiblity of Ocian investment in Trinovantium which could open up foriegn exchange markets.
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Post by Matt Kovac on Nov 9, 2007 16:21:07 GMT -4
Nice, thats a good idea.
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Post by nonette on Nov 18, 2007 15:38:45 GMT -4
I have just thought that it would be realistic to assume that these salaries would have to come out of the government's tax earnings. So I think that the salaries could be calculated as a percentage of the tax take.
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Post by Matt Kovac on Nov 18, 2007 19:25:45 GMT -4
True, we should do that then.
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Post by Michael Dervin OCS on Nov 18, 2007 19:43:35 GMT -4
Sounds good, perhaps each minister shall get the same % and the PM and Preisdent a slight % more?
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Post by Matt Kovac on Nov 18, 2007 20:30:31 GMT -4
Yes, the more you make the more you are taxed.
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Post by Michael Dervin OCS on Nov 19, 2007 14:38:37 GMT -4
I know, don't you just Love] the Tax-man? Plus it is a nice re-circulation of wealth back into the system so we are supporting the Ocian Fiscal Policy!
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Post by nonette on Nov 19, 2007 21:27:52 GMT -4
Ok, I will sort out something. Oh and by the way, your income will come from the previous week's tax take, otherwise it gets too complicated. And it will be taxed too. Oh and I was thinking that, although there will shortly be the bond system working, that not all of the tax will be paid out in wages - ie. the government runs a bit of a surplus for the time being.
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Post by Matt Kovac on Nov 21, 2007 18:49:40 GMT -4
Ok I am fine with that.
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