Help understanding the reputation systems

I've been working on my federation reputation to get my SOL permit and I've been confused by how the standings/reputation systems works. It seems like it's changed since last year when I played last, pre-Horizons.

I seem to get more money but less rep from bounties, more rep but less money from missions. In fact, I don't think bounties have made any impact on my standings other than making them go down for whomever I am turning them in for?? Why would they make my rep go down? If the federation has a bounty on someone, and I kill him, and turn in the bounty, my rep should not be going down.

I keep losing federation rep 1-2% at a time for either doing nothing at all, or for turning in missions/bounties and I can't seem to find the rhyme or reason to it. I even lose federation rep when completely IDLE AND DOING NOTHING!! I will complete a few missions and watch it tick up 1%, then do another mission and watch it drop 1%?? I can't figure out why completing missions for federation factions makes it go both up AND down.

Last night, I docked up with 100% federation rep - Allied ; and 100% midshipman. This morning I log on, after obviously being offline completely so not doing any activities, and I am now at 99% federation with a red down triangle. Does your major faction rep deteriorate over time? If so, 1% in less than 24 hours seem way too much, especially when you may have to complete multiple missions to make it go back up that same 1%. If it goes up, it may continue to go down as a result of completing the missions too...

Also, how many missions do you have to turn in after you hit 100% on a rank to progress to the next rank?
 
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In answer to your question about superpower rank deteriorating over time - the answer is yes it does. In my experience you will always see a red down arrow when you log in, no matter the time period you have been logged off. That said it is trivially easy to get it back.

In terms of bounties, one of the reasons is that you may be killing ships from other fed aligned factions which would mean you get +rep from handing in the bounties, but -neg rep from the actual kills.
 
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