Heavenly Master, I have a different world - #55 - Chapter 55 Taxes

‘What are you talking about? ’

Seeing Fang Zheng looking over with curiosity, Wan Dandan just wanted to give him a slap in the face, and it wasn’t his own money, so it didn’t matter how much he paid.

This sentence may cause you a lot of trouble.

Still too young!

“When it comes to paying taxes, I really don’t understand.” Fang Zheng put his chin on his hand and said:

“Should we pay based on the turnover or the final profit? I heard that the tax rate is not low. Do you know anything about this?”

“Uh…” Wan Dandan opened his mouth and explained:

“You have to pay both.”

“Huh?” Fang Zheng looked surprised:

“Why?”

“That’s how it’s stipulated.” Wan Dandan shrugged:

“But boss, don’t worry. With an annual income of less than five million and a net profit of over one million, you won’t be able to pay much in Qu City.”

She further explained:

“When doing business, you generally pay two types of taxes. One is value-added tax, which can be understood as the difference between the price of the thing you bought and the price you sold it. Because the thing has increased in value, you pay tax.”

“One million added value, almost 100,000 yuan in tax, right?”

“That’s what I say, but if there are special invoices or other policies, they can actually be waived. I never paid them in my previous company.”

“Yeah.” Fang Zheng pursed his lips:

“What else is there?”

“The other is called corporate income tax.” Wan Dandan said:

“This base is revenue minus all expenses, including personnel wages, venue rent, etc., which is the net profit you mentioned, boss. Small and micro enterprises like us pay a tax of 2.5% on annual net profits of less than one million.”

“One million to three million, pay 5%.”

“Here is a stepped tax payment, that is, if the profit is two million, the first million will be paid 2.5%, and the remaining one million will be paid 5%. Not both the two million will be paid 5%.”

“Oh!” Fang Zheng suddenly said:

“Then what if the profit is more than three million?”

The annual profit from his business must exceed three million.

“If you spend three million, you will no longer enjoy the preferential policies for small and micro enterprises, and will pay a uniform tax rate of 25%.” Wan Dandan said:

“If you pay 3.1 million, you have to pay 25% of the total amount, instead of the previous 2.5% or 5%.”

“Isn’t this a big loss?” Fang Zheng shook his head:

“The profit of 3.1 million yuan is not as much as the profit of more than 2 million yuan.”

“That’s true.” Wan Dandan nodded:

“So if the company’s profit exceeds three million, most companies will reduce the profit through accounting, which can save hundreds of thousands in taxes.”

“It’s really complicated.” Fang Zheng sighed and asked:

“The rest of the money should be mine, right?”

“This…” Wan Dandan laughed dryly:

“no.”

“The money in the company’s account does not belong to the individual. If you want to really put it into the boss’s personal pocket, you need to pay an additional 20% personal dividend income tax.”

“Ah?” Fang Zheng’s mouth twitched slightly:

“Still paying taxes?”

“Yes.” Wan Dandan nodded:

“But if you are a self-employed person and your profits are transferred directly to your personal account and you don’t have a corporate account, you don’t have to pay this part of the tax.”

“Of course self-employed people have restrictions on being self-employed.”

“Heh…” Fang Zheng chuckled.

In other words, his small company has to pay three types of taxes to really make money in his pocket.

Value-added tax, corporate income tax, and personal income tax, after a long time of effort, I’m afraid I won’t get half of the 10 million yuan I invested.

Thinking of this, he asked again:

“If I pay myself a salary, do I still have to pay taxes?”

“yes.”

“What’s the tax rate?”

“No tax is payable if the monthly salary is less than 5,000, and 3% is payable on the part between 10,000 and over 5,000, and 45% on the part over 90,000.”

“How much? 45%?”

“yes.”

Wan Dandan nodded:

“Therefore, there are very few people who can make a million a year just by relying on their salary. Even if they are able to do so, they usually convert their salary into dividends. This way they can pay less tax, and both individuals and companies are willing to do so.”

“It’s indeed a bit high.” Fang Zheng understood:

“No wonder so many people evade taxes. Even big stars who make money so easily do this. Who wouldn’t feel bad if they have to hand over more than 40% of their income?”

Wan Dandan pursed his lips.

Paying taxes is a matter for the rich, and ordinary people don’t have that much emotion.

Like her second sister.

The monthly salary is more than 7,000.

After deducting the base figure of 5,000 without paying taxes, there is still more than 2,000 left, and then deduct more than 1,000 for the five insurances and one housing fund, and then deduct more than 1,000 for the rental subsidy.

Pay 3% on the remaining money, which is only 60 cents a month!

Sister Wu from my previous company was even more cruel.

A base deduction of 2,000 is deducted for pensions, a base of 1,000 is deducted for children’s education, a base of 1,000 is deducted for buying a house, and no tax is required on wages of more than 10,000.

Earn more and pay more, that’s how it should be.

Small companies also have preferential policies. Annual profits can range from one million to tens of thousands of yuan. To be honest, it is not too high.

The really high ones are those large companies with turnovers of tens of millions, hundreds of millions or even tens of billions.

“So be it!”

Fang Zheng patted the table:

“Continue as you are doing.”

“Huh?” Wan Dandan looked surprised:

“Boss, are you sure?”

“Of course.” Fang Zheng stretched his muscles and said:

“I want to be a rich man in the future. I don’t care about this little money, and paying taxes is a citizen’s obligation.”

“I admire you!” Wan Dandan gave a thumbs up and said:

“Boss, are you the second generation of rich people?”

Isn’t it true that the rich second generation would be so free and easy?

Fang Zheng shook his head.

He is no longer joking. There is a different world waiting to be discovered. In time, becoming the world’s richest man will not be a dream. How could he make a mistake in such a small matter?

*

*

*

Dingseng Mountain.

Somewhere at the entrance of a kiln.

“My boss.”

Wu Hai led a group of people over and said:

“They are all craftsmen from the fire kiln. They were sold together with the kiln entrance for six hundred taels of silver. You haven’t seen the master’s house yet!”

The latter sentence was addressed to the crowd.

The group of people were all gray-haired and shabby-dressed. The leader, about fifty years old, trembled and knelt down on the ground after hearing the words, saying:

“I’ve seen the master’s house before!”

“I’ve met the master’s house!”

The others followed suit, kneeling on the ground and shouting, like a group of beggars worshiping their leader.

“Get up.”

Fang Zheng was amused in his heart, waved his hand and asked:

“Are you the convict queen?”

These people have inscriptions carved on their foreheads and are treated as goods for sale, and they kowtow directly during salutes. They are definitely not free craftsmen.

“Yes.” The old man nodded:

“My ancestors committed a crime and were punished as craftsmen for three generations. However, the next generation are now free and can work as farmers but cannot take exams as officials.”

“Um.”

Fang Zheng nodded:

“Don’t worry, everything is as usual here. If your descendants work at the entrance of the kiln, they will be paid according to the market price. If they have a good craftsmanship, they can have enough to eat.”

“Thank you, Master!”

The old man was overjoyed and hurriedly kowtowed again.

The reason why he mentioned the younger generation was because of this matter. Fortunately, the new master’s family was not like the previous family, which even squeezed the younger generation.

They are prisoners, not protected by the law, and dare not resist.

“You guys…” Fang Zheng’s eyes moved back, focusing on a few special people in the crowd:

“Not a prisoner?”

“Go back to the master’s house.” One person replied:

“We are local people from nearby. We come here to work during the off-season to support our families.”

“Oh!” Fang Zheng said:

“Not enough food to grow?”

“Where is enough?” The man looked up, his weathered face filled with bitterness:

“Land taxes, miscellaneous taxes, and corvee must not be reduced every year. If the weather is good, that’s it. You will be hungry for a few days at most.”

“If the yield of the fields decreases, someone will definitely be forced to death that year!”

Fang Zheng became interested. In modern society, people have to pay taxes. He didn’t know what the difference was in this other world. When he asked, his expression changed slightly.

What a harsh tax!

Land tax, that is, taxes must be paid for farming land.

Miscellaneous taxes, usually referred to as poll taxes, were exempted from paying for infants under three years old in the Wei Dynasty, half for those under seven years old, and for those over fifty-nine years old.

Corvées were levied on a daily basis. Adult men had to contribute to the court every year, either to guard the border, to open rivers, or to do other things.

You don’t have to do corvee, but you have to spend money to offset it.

This is already good. The Wei Dynasty implemented tax co-ordination, which was similar to a whip method, simplifying the tax collection process and greatly reducing the corruption of local officials.

previous dynasty,

It is because of taxes that the world is in chaos.

But looking at the current situation, it seems to be getting worse and worse, with additional taxes increasing every year.

“A harsh government is as fierce as a tiger!”

Fang Zheng shook his head gently:

“I cannot be deceived by the sincerity of the ancients.”

There are also taxes in modern society, but ordinary people are hardly aware of them. Most of them complain about the narrow ascending channel, but people die here every year.