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== Economy == | == Economy == | ||
{{Main|Economy of Milan}} | {{Main|Economy of Milan}} | ||
Milan's 2022 total {{wp|gross state product}} was $1.47 trillion, placing it at 5th within Cartadania. | |||
Milan is very friendly to small businesses and large businesses alike, and its low taxes make it a welcome place for many companies. The state's economy is highly diversified, ranging from agriculture and automobiles to pharmaceuticals and petroleum. It produces large quantities of sugarcane, poultry and eggs, dairy products, rice, and seafood. It is home to automobile manufacturer [[Soleil]], one of the largest automobile manufacturers in the country. Other common brands throughout eastern Cartadania that are headquartered in and distributed via Milan include [[Bellegarde]] and its subsidiaries (excluding Bellegarde Est which bases all operations in [[Luria]]), and [[Leblanc S.A.|Leblanc]], the largest sugar company in Cartadania, among others. | |||
Auvergne has a large effect on the commonwealth, eastern Cartadania, and beyond. It has been the site of growth in finance, insurance, technology, manufacturing, real estate, service, logistics, transportation, film, communication, convention and trade show businesses and industries, all qualities it shares with similarly sized Aumiers. | |||
In 2021, Milan had a median household income of R$81,334, placing it at 6th amongst Cartadanian states, and quite highly throughout the world in comparison. Milan, similar to the other commonwealths (of which Porta Bianca is the exception) lacks an income tax, has a very low sales tax of 4% (although many localities will increase this to 6% which is the legal maximum), and a very low average property tax of 0.72% (assessed at the local level). It should be noted that federal law prohibits taxation on medications, medically related devices, while state law prohibits taxation of food for home. | |||
=== Real estate === | === Real estate === | ||