Economy bonus

Just wondering how economy really works. There are certain improvements that are supposed to increase economy by a certain percent. However, it seems that I can build a whole bunch of these, but I barely see any increase revenue.

One thing that always puzzled me about Gal Civ is that I couldn't figure out exactly how income, approval rating, science points and production points are calculated. Don't get me wrong, I love this game. But for example, I really liked how in Civ III I could calculate for myself what my income etc would be because the rules were very strait forward.
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Economy bonus increases the % you get from the planet revenue (aka tax.)

So if the planet has small amount of population or the tax rate is low, i'd assume that you wont' get much out of the planet.