My life skills in Daming Liver

Ren Fu and Lin An explained to Mr. Yu in detail how they made money.

After Mr. Yu finished listening, he was completely dumbfounded.

It’s over, he doesn’t understand!

Second Young Master Yu doesn’t understand what it is about the expectation of rising steel prices in the future, or about buying future production capacity first and then selling it!

Not to mention those calculation formulas for making money mentioned by Ren Fu and Lin An!

All Mr. Yu knew was that he had made another huge sum of money.

I only heard Ren Fu say: "Young master is really a genius, he can actually come up with such a way to make money!"

Yu Zongyuan is already numb, why are you so good at slandering people's innocence! Even though he obviously makes money by himself, he even said that he came up with the method of making money by himself!

Yu Zongyuan pointed at himself and asked, "Did I teach you?"

Lin An immediately said: "Yes! Master asked us not to accept other people's steam engine orders in advance. Isn't it just to remind us that steel prices will rise in the future?"

"Young master is indeed far-sighted and has thought of such a good way to make money. This is much more profitable than a steam engine!"

Yu Zongyuan was completely numb. He finally understood that according to the rising price of steel, if the steam engine workshop had really pre-sold the steam engine at that time, it would already be at a loss now!

I didn't expect these two guys to make such a huge profit by relying on a few steel sales orders!

No, we can't let them continue to make money like this!

Yu Zongyuan suddenly asked:

“How much has the price of specialty steel increased now?”

Ren Fu said: "The price of special steel delivered after one month has quadrupled, and two months later it has tripled."

Yu Zongyuan took a breath and said, "Did you calculate the expected profit of 10,000 silver dollars based on the current price?"

Ren Fu and Lin An nodded. Now that the price of special steel has soared, all other orders in their hands have been sold out, leaving only the last two batches of pre-sale orders.

Yu Zongyuan said decisively: "Sell them all now."

Ren Fu said hurriedly: "Sir, do you want to sell now? We see there is still a price increase."

Yu Zongyuan's eyelids twitched wildly. Are they still rising? How much money are you going to make if this goes on?

Yu Zongyuan now also has some understanding of Southeast policies.

Today, the attitude of the entire government is to promote industry and oppose speculation.

Yu Zongyuan is also very clear about this attitude. Industry can create employment for many people and promote technological progress, so making money through industry is advocated by the government.

But speculation is different. Speculation cannot create any employment. Once profits are higher than industry, will anyone still go into industry?

There is another thing that Yu Zongyuan only thought of recently.

After all, industries have workers, and setting up industries requires dealing with many people. The local government can provide taxes, stimulate upstream and downstream development, and solve local employment problems. One person is responsible for the jobs of hundreds or even thousands of families.

But speculation is different.

Those speculators don't need many subordinates. The speculation business of Ren Fu and Lin An is just two people, and they can complete it by renting a shop.

No jobs, not even taxes!

Yu Zongyuan broke out in cold sweat when he thought of this.

Once he was accused of speculation, wouldn't the trust he had finally earned from the Grand Governor be completely ruined?

Yu Zongyuan immediately ordered the two of them: "Throw it all away! Close the exchange and don't do this again in the future!"

Ren Fu and Lin An looked at each other and saw the confusion in each other's eyes.

But since Mr. Yu refuses to do it, could it be that he sees the risks in the market?

That's right, the price of special steel has risen to the point where both of them are afraid. After all, they have made so much money, so it is better to settle for safety.

Then Yu Zongyuan said:

"You go to Songjiang Mansion Yamen."

"Going to the Yamen?"

Yu Zongyuan said: "Yes, file taxes!"

Yu Zongyuan said seriously: "Shouldn't the money you earn from reselling steel contracts be paid to the government?"

"Do you still want to evade taxes?"

Ren Fu and Lin An looked at each other, and hurriedly raised their hands and said, "I have absolutely no intention of evading taxes, but Master, what taxes should we pay?"

Yu Zongyuan was also stunned.

The banknote tariff is a tax paid on the circulation of goods. What they resell is not the steel at all, but the bill of lading for the steel. There is no transportation of goods at all, and the merchants who go to purchase and pick up the goods will also pay the banknote tax.

Land tax is out of the question.

Tariffs are taxes that only need to be paid on imported and exported goods. Their goods are not exported at all, and there is no need to pay taxes.

Finally, there is income tax.

Income tax is what Jiang Gan once published in an article. When talking about the fairness of taxation, he mentioned paying taxes according to the income obtained.

Later, at the Southeastern Constitutional Convention, the issue of income tax was also discussed, and the income tax law was also passed at that time.

But paying taxes on income is a rather complicated matter in itself.

The biggest difficulty is that it is difficult for the government to obtain detailed information about businessmen's profits.

Income tax was once piloted in Nanzhili, but it caused great social conflicts because it was difficult to determine income.

The government in the southeast relaxed the process of promoting income tax and did not rush to speed up the process as before to prevent income tax from becoming a means for government subordinates to extort businessmen.

But preparations are also being made to carry out legislative work and train more professional tax collectors.

Everyone in the southeast now knows that income tax must be collected, but not now.

The relevant laws have not yet been perfected, so the southeastern government's attitude towards income tax is to leave it to businessmen to declare independently.

Yes, income tax, Ren Fu and Lin An immediately woke up, and they immediately went to Songjiang Mansion with their account books.

But when the tax collectors of Songjiang Prefecture saw the account books, they were dumbfounded.

Although Songjiang Prefecture also collects income tax, it is basically some occasional large amounts of income, and the amount is not large.

How Ren Fu and Lin An have to pay this tax and in what proportion they have to pay it are completely unclear to them!

The tax collectors did not dare to specialize, so they could only report the matter to their superiors, and then report it to the Ministry of Household Affairs layer by layer.

Fang Wanghai frowned, reselling the steel bill of lading? Is there such an operation? Can you still make so much money?

And Fang Wanghai thought of another thing, that is, in today's booming stock industry, many people make money through stocks, so why does it look the same as this?

If both stocks and futures bills of lading can make money, then tax must also be paid. How should this tax be paid?

Fang Wanghai was also dumbfounded. He had no choice but to find Su Ze with the report sent by the tax collector of Songjiang Prefecture.

"Futures?" Su Ze was stunned for a moment. He didn't expect that futures would be available so soon?

At first glance, it’s Yu Zongyuan’s property?

Is Mr. Yu really a genius?