Setting up progressive tax rates

[Derek Atkins]

Hi,

Quoting Dima - hotmail <dimamushta at hotmail.com>:

> Hi All,
>
> I have a situation when I needed to calculate the tax which has base 
> brackets, the example is as follows:
> from 0 to 200 - tax 5%
> from 201 to 500 - tax 10%
> from 501 to 2000 - tax 15%
> from 2001 to 3000 tax 20%
> from 3001 to 4000 tax 25%
> from 4001 to 5000 tax 30%
> above 5001 - tax 35%
>
> So - the question is - is it possible somehow to setup the system to 
> calculate said scheme?

Not directly, no.  You could do it with a set of seven different
tax tables (one for each bracket).

Having this kind of dynamic tax table is much of the work for a payroll
system (which GnuCash does not have).  Adding it would be a welcome
addition but nobody is working on it now.

> Thanks in advance,
>
> Dmitry

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-derek
-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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