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The following message has been placed on all taxation-related pages at the request of the PT and FRCA.
Elsongia is known internationally for its strict laws surrounding taxes, and non-payment of due taxes is harshly punished. Almost all money made in Elsongia is taxed, regardless of where it is held. Tax avoidance and evasion is a constitutional offence, and you could be tried for treason, which carries a maximum punishment of an unlimited fine and life in prison. What this means is,
DO NOT EVEN ATTEMPT TO AVOID TAXES IN ELSONGIA
because harsh punishment has happened and will happen. In 2014, an individual who attempted to hide more than $435 million that was earned in Elsongia in "offshore" bank accounts in Monaco was given a $600 million fine and a 25-year prison sentence. In 2006, another individual who had hidden nearly $48 billion of Elsongian money in the Cayman Islands was given a $65 billion fine and a 60-year prison sentence. Don't do it.
The Elsongian Income Tax (EIT) is the most basic form of tax, typically taken through PAYE (Pay As You Earn) from most workers, except self-employed people and employers themselves. It is calculated at percentage rate bands from your annual income, which the PAYE system takes from your weekly, biweekly or monthly wages. Tax is collected through the Federal Government's systems, but your region gets 40-65% of the money.
⚠ Elsongian Income Tax rates are different if you were born under Elsongian Blueland-Richmondia, live in another FTTA nation, live in a TAS nation, live outside the FTTA or TAS or if you were born in Tieferwald between 1949 and 1964.
A- Up to $15,499 - 0%
B- $15,500-$24,499 - 17%
C- $24,500-$44,999 - 20%
D- $45,000-$59,499 - 25%
E- $59,500-$89,999 - 40%
F- $90,000-$144,999 - 46%
G- $145,000-$999,999 - 55%
H- $1,000,000-$999,999,999 - 65%*
I- Over $1,000,000,000 - 95%*
*Prior income tax brackets do not apply to those in the highest two brackets- only earnings within that bracket and the previous one will have taxes applied to them (e.g. someone earning $2 million will only pay H and G bracket taxes).
Where a monetary amount ends in 9 on this chart, it goes up to $xxx9.99.