Why am I paying this much tax? Where's my tax refund?

[grey_wind]

According to the save game, you got a tax rebate of -265,818 on March 1908.

I broke down a table of 1906, 1907 and Q1 1908 for you here:



(note to myself to allow .ods upload in the future.)

I didn't run 1905's numbers, but part of that $38,832 that the government owes you in 1908 was likely paid back in 1906. That's why you had a rebate even though you had a positive tax income.

So, the numbers line up close enough in the save game. I would have to do your entire taxes to see how much carries forward to tell 100%. But I'm sure it's pretty close.

Sadly, I don't get access to your reports, so you will need to load the save game, and then hit the previous report link in the reports to see if you got paid in March or April. I believe it's under a tax rebate OR a negative tax. If you didn't, let me know.

Thanks so much for doing this. Couple of questions though:

1. The reason I paid $202,241 tax in Q4 1907 (despite having lossed for the quarter) was because I owed $516,701 from 1906? Why wasn't that deducted in Q1 1907 instead of Q4 1907? I thought tax reconciliation was supposed to happen at the end of Q1 of the next FY.
2. In Q1 1908 I got a tax rebate of $265,818 even though the govt owed me $304,650? Why wasn't the remaining $38,832 paid and settled in Q1 1908?

I don't doubt that I will see the money at some point, but I'm just trying to understand the cash flow implications of the tax mechanics in the game.