Money Question

[Red Bird]

Hello, new guy here.

I understand the difference between State Funds and Private Capital. My question is what are the exact ways to accumulate State Funds. Is through increasing taxes, or is it taxes and trade? I've beed dinking around with the first few turns as a learning tool and found myself in a State Funds defecit. Will increasing taxes fix this or do I need to increase the amount of goods I am puiing on the market? Any help would be appreciated.

Anyway, I really enjoy the game so far and look forward to a long association in this gaming community.

[PhilThib]

Playing on taxes in the way, and of course trade as well, as the State takes custom duties ( = state funds) on trade...on the other hand, the military maintenance costs a lot, and a colonial empire too...so the situation really depends on which country you are playing...

The fastest way to offset an initial deficit is taxation increase and duties increase, as well as no military expansion if possible...develop the economy, it will impact directly on State Funds, but this will take time... looks a bit like our current economic crisis with state debts

[Red Bird]

Playing on taxes in the way, and of course trade as well, as the State takes custom duties ( = state funds) on trade...on the other hand, the military maintenance costs a lot, and a colonial empire too...so the situation really depends on which country you are playing...

The fastest way to offset an initial deficit is taxation increase and duties increase, as well as no military expansion if possible...develop the economy, it will impact directly on State Funds, but this will take time... looks a bit like our current economic crisis with state debts

I know which screen to alter the tax rate on. Is the slider for adjusting duties on the same screen?

[Le Ricain]

I know which screen to alter the tax rate on. Is the slider for adjusting duties on the same screen?

Yes, the slider for adjusting duties is called 'Tariff Tax' and is the fourth from the top.

[Red Bird]

Yes, the slider for adjusting duties is called 'Tariff Tax' and is the fourth from the top.

I thank both of you for your help.

[Jim-NC]

Welomce to the forums Red Bird. You can learn much here, and there, and everywhere on these forums.

[Francois Xavier]

Hello, new guy here.

I understand the difference between State Funds and Private Capital. My question is what are the exact ways to accumulate State Funds. Is through increasing taxes, or is it taxes and trade? I've beed dinking around with the first few turns as a learning tool and found myself in a State Funds defecit. Will increasing taxes fix this or do I need to increase the amount of goods I am puiing on the market? Any help would be appreciated.

Anyway, I really enjoy the game so far and look forward to a long association in this gaming community.

Other ways are to acquire gems/gold and have them converted, and produce luxury items as they give you a decent amount of excise tax.

[Red Bird]

Other ways are to acquire gems/gold and have them converted, and produce luxury items as they give you a decent amount of excise tax.

I thank you for this. I am looking forward to the many subtleties in this game.

[Kensai]

Check these, very interesting advices.

Remember, as in real life, state funds are accumulated mainly (normally) by taxation.