Can someone explain the taxes to me please?

[Athriaxo]

I am a bit confused right now as I just got the tax calculation and it states the following:

Total result last year: 296 675 349 USD
Withhold taxes during the year: 172 805 768 USD
----------
Tax level: 34%
Total true tax amount: 100 869 619 USD
----------
Taxes returned: 71 936 149 USD

But I have massive investments into new aircraft bought so i have millions of dollar borrowed from the bank and my account holds no money ... why do they still take my money? Normally I could get back the taxes if I didnt make any real profit but this year ... 100 million taxes??? thats insane!


It should read:

Total result last year: 296 675 349 USD
Withhold taxes during the year: 172 805 768 USD
Money invested: (~) 440 000 000 USD
----------
Tax level: 34%
Total true tax amount: 0 USD
----------
Taxes returned: 296 675 349 USD

[cashacasha]

Here's my tip, just pay them, and be happy. Enjoy this wonderful sim. Come fly with Skylink in a private game.

[Athriaxo]

Here's my tip, just pay them, and be happy. Enjoy this wonderful sim. Come fly with Skylink in a private game.

Where is this private game you talk about? I hope not in your basement

[Sami]

Your profit last year was that ~300million. You pay taxes of the company profit. Simple.

[Athriaxo]

Your profit last year was that ~300million. You pay taxes of the company profit. Simple.

Yeah but in the real world my financial department should write the books in a way that i dont make any real profit because I spend it all on planes ... when in the real world i make 100$ and go out and buy tools i need for my job for 100$ (or at least 34$ as in the case with 34% tax) then I dont pay taxes on those 100$

Thats why im confused because I understand both sysyems I just wonder why it isnt the same in the game as it is in reality?

[Sami]

Well you don't pay.. If you earn $1million, and buy planes with that $1 million, your result is $0. You have no taxes (or you may have paid them during the year, but they will be returned at january). If you earn $1mil, and buy with $500k, your taxable result is $500k..

Or what am I missing here?

[Athriaxo]

Well you don't pay.. If you earn $1million, and buy planes with that $1 million, your result is $0. You have no taxes (or you may have paid them during the year, but they will be returned at january). If you earn $1mil, and buy with $500k, your taxable result is $500k..

Or what am I missing here?

But then, why did I pay so much taxes thou i have many hundred million dollar debt with the bank? Did it not include that into the calculation?

[swiftus27]

There are a lot of errors in the way taxes are calculated but Sami did the best he could without a PhD in accounting.

Really, all prepaid leases are really assets but this game treats them as an expense/liability.  You shouldn't be able to lease a ton of planes on Dec 31 and use them as a write off.

[Athriaxo]

There are a lot of errors in the way taxes are calculated but Sami did the best he could without a PhD in accounting.

Really, all prepaid leases are really assets but this game treats them as an expense/liability.  You shouldn't be able to lease a ton of planes on Dec 31 and use them as a write off.

Yes but im talking about buying planes ... wich I know are assets too but in real world these things would be tax deductable ... Im just saying basically that bank debts should be treated like its part of your account ... so 100.000.000$ in the account but 200.000.000$ bank debt would mean -100.000.000$ result so 0$ taxes ...