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"What will we do if we are limited?"
The point here is to be limited in all aspects to develop a business, call it capital, or big influential people. I am very sure that the current owners of large companies are those who have the privilege and can eventually make them rise to the top. In the business world, privilege is very important especially for a large company, and that is the reality we have to face. Even though we have skills but we don't have privileges, maybe we will become extraordinary workers.
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Everything has consequences,
Working hard = Big income
But time to enjoy free time is reduced due to busy work or business. Work with middle to lower salary levels even though they time for work is same, but at home you can still rest and weekends will be free but the income is not big. Although there are also those who build up a business, then later he hands over all work to employees and people he trusts so he has free time.
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No, because that won't make us enjoy in old age, it will actually make old age on worried anytime. We all know that bitcoin and all crypto has a fluctuating value and it is impossible for us to keep it in old age. For Retirement Savings, simply by using the savings that have been collected from youth, that already makes us enjoy with a cup of coffee in the morning.
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Everything you write is almost all relevant to the situation in a developing country like mine. It's just that strategies like what you do are sometimes not carried out by most people, especially in terms of education. Instead of homeschooling, parents in my country will send their children to "favorite" schools in the area under the pretext that after graduation they will get a good job, but that is not necessarily true. Because it has become a stigma in my area that homeschooling is identical with (sorry to say) a special needs child.
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It happened 4 years ago when etherum really fell to $100, I still remember having more than 4 etherum in my wallet and even around 6 eth. But at the time i only thought to have money, money and money that made me exchange etherum to my local currency at that same time. 2 years later in 2021, I was shocked to see etherum hit $4000. Gosh, if I'm patient and think long-term investment, thousands of dollars should have been able to become my savings.
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We must be able to distinguish between investing, trading, and saving or store money. If the statement "it's better to save in a stable coin than keep paper money in a locker or bank", that's a wrong statement. It's true what (OP) said, that crypto can disappear at any time because in the digital world all our activities not guarantee 100% security. It would be safer at the bank, but of course you have to have cash on hand because for daily needs, almost 90% use cash.
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In Indonesia it's actually not too expensive, it's just that the minimum wage for employees and the large number of unemployed are still the main problems. For rice as a staple food, the price is still $0.79 / kilogram. Gasoline is still priced at $1, and other needs will surely follow. For Southeast Asian countries, especially countries that are still developing, the prices of basic necessities can still be considered affordable because they adjust to the minimum wage of employees and the economic conditions there. Different when talking about developed countries such as Japan, Korea, Singapore, China, Australia and European Union countries.
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I would like to point out that these methods are exclusive to countries where those services are available. It is usual that, for example, some franchises offers those discounts in United States but does not in Latin America. The same happens with food coupons.
My methods on saving money on food are mostly based on buying cheaper food and prepare one's meals oneself.
Sardines and beans are cheaper than beef and chicken.
True, not all countries will get a discount like that even for 1 full month. In fact, in just one country, different regions can have different prices and also discounts. My method on saving money is that the most important thing is being able to buy rice first, because it's not usual to have breakfast with bread and consuming a lot of bread is also expensive. Then the side dishes are optional, if you already have rice, with just the fried tofu is delicious. All will depend on income and save as much as possible. |
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Of course money has power over education. People who have a lot of money will have priority in the eyes of other people, while people with higher education may not necessarily get priority in the eyes of other people if they don't have a lot of money. The question is how to get that much money? Some open businesses, and others work for companies with high salaries. How can both be achieved? Of course with education that is compatible with the field or profession that we will choose.
This means that money and education actually have a fairly close relationship, but it's different if someone has privileges from parents who already own a business or from someone closest to them who can support their career faster than other normal people.
note: Education not only be obtained from schools or universities, it can be from people who are more senior than us, it can be from established entrepreneurs. Because there are also successful people who are not graduates of well-known universities, so it all depends on each of us. But education, knowledge is important, regardless of where it comes from.
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Money is not everything but everything needs money. We don't need to think about where our money will be spent, but the most important thing is to make as much money as possible. By having a lot of money, we can buy whatever we want and if the needs are met but we still have a lot of money, we can saving as much as possible.
It is also important for us to recognize the situation we are experiencing. Example:
Our money is right for monthly shopping, so it's wise for us not to buy things that are not important. But if our money has exceeded monthly expenses, then it is okay to buy secondary needs.
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This is also true in my country. But I'm sure this kind of poor implementation is not as worse in many developed countries, or perhaps even non-existent.
Where I'm from, tax laws are not that effective also. And for a number of reasons. For one, there are many ways to be dishonest with your income and you will pay only a small amount or none at all. Or you don't declare anything at all and shirk tax responsibilities altogether. Or somebody will do the trimming of taxes for you. Or you're a rich and powerful person that even government authorities won't bother you about taxes. I'm not even saying all these are illegal. After all, tax avoidance is legal.
Indeed, those who are formally employed are the ones who cannot evade because taxes are automatically deducted from their salaries.
I wouldn't say it's poor implementation but I think that is only normal and you are right that others are worse because their rates for taxing are too high. They also demand high taxes on crypto transactions. You are lucky that you are not from a stricter country because people there can easily get away with their taxes but I think this isn't beneficial in the long run. Maybe your country is still among those countries who are slow to improved. If we think we are earning enough then we must willingly pay our taxes to the government so that we will have a peace of mind and it does makes you feel good knowing that you are helping your country to recover or grow. That's the difference, in my country there are still many unemployed whether they graduate from school, university, or even don't graduate at all. Factories are also still limited in terms of hiring employees and the minimum salary for employees is also said to be still low when you see the prices of basic necessities and fuel which are now expensive. So, it can be said that the tax issue has not effectively reached all levels of society, only certain, as I said earlier, such as employees of government agencies, large entrepreneurs who have registered their businesses. When talking about farmers or freelancers, in reality they are not prosecuted at all even though their income can be said to be high too. Maybe if the work system with a minimum wage for employees is evenly distributed in all regions and in all factories (because sometimes it is different for each factory or region), and the unemployment rate can also be suppressed properly then tax rules for all levels of society including farmers and freelancers, I'm sure they don't mind because this country is already an industrialized country. |
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In my country have several kinds of taxes but I really understand with income tax as worker have reached above 70 million each years, that mean income with amount $500 each months have to pay taxes. I am little disagree with rule taxes in my country because not transparent and most sadness the people in taxes working and their children have financial freedom live but we are the payer of taxes most sadness.
I don't trust yet what happen in my country taxes most terrible how much income each year and there are hidden access about where taxes spent. Need evaluate about taxes rule in my country actually with worker salary have to pay taxes with higher amount based on capital income in my country.
Have tax officers never reported in 1 year tax income in your country? Then where is the tax budget used? If it's not transparent and you see the tax official and his family living in luxury whereas if you see in the law that the salary of a tax official is......... It means the same, in my country it's like that too. Even at the village government level it is no longer transparent, where the funds from taxes, from the central government are used. |
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It means the same in my country. If our observations regarding taxes especially agriculture and in some countries the rules are almost the same, it means that we have almost reached the most appropriate answer. Because in European Union countries as discussed earlier, farms with large fields must report their yields to the taxpayer while those with small fields are not required to report. the point is for farmers, they are not obligated beforehand, except if the yield is large then he must report to the taxpayer. |
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And you must also be from Indonesia right? because you understand a little what I mean. Yes, it is me. is this fair for the tax rules?
Idk the exact calculation, but I think it's fair considering the type of income both of them have. Farmers are more volatility earners, their earnings figures are "likely" but not "always". Especially in certain seasons, they even earn minus. On the implementation side, most of the farmers in our country lack administrative awareness, which means that taxation hasn't been fully effective in reaching actors in this sector. The profession of farming is involved in the older generation with low educational background. Not only agriculture, but in my area there are also many farms such as laying hens, goats, ducks, there are also buffaloes, they all never get a tax bill for their business. But they get a tax bill for the "land" used for their business, where the taxpayer on this land's tax has been a definite rule from the government from the past. |
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The outline of my question is whether in all countries, farmers, freelancers, or small micro-entrepreneurs who were not previously registered with the taxpayer have to report to the tax, or if they are not registered then they are not subject to the taxpayer?
There is no general rule for all countries. I see another user saying you're from Indonesia, I don't speak the language, and I can't find anything on a simple search in google about how that works there but I can tell you how it works in my country, and this is not a general rule even for all the EU. Any kind of farming you do which only involves utilizing the final crops for personal use, without you at any point engaging in other activity, like for example selling either the strawberries or the strawberry jam, it's not a taxable event and it doesn't need to be declared to the tax revenue services. But they are limits to what is considered personal usage, so you can't plant 2000 ha of corn and say it's for your morning cereals. If you do sell your products to a third party, thus engaging in a taxable event, you are subject to taxation which works like this: - your revenue is under a limit (depends on each country), you won't pay taxes but you need to declare the revenue - your event is over the limit, you're treated like any business and you have to pay your taxes. So basically, you plant a few melons and you eat yourself in your backyard you don't need to tell anyone, you plant a few and you sell them you need to register but you won't be taxed for 5 euros profit, you plant 100ha and sell them, you're a business and you need to register not only for tax but with the agricultural office also. Again, and I must mention this, I don't know how the law woks in Indonesia, I'm just telling you from an EU citizen (who is has been for 20 years involved in agriculture) point of view. Okay, I'm starting to understand this rule and have found a bright spot. from your explanation, it will depend on the area or number of crops, right? For example I plant tomatoes in the yard of the house then it will not be taxed, but if I plant 1 hectare of tomatoes, then I have to report it to the tax office, even though there was no bill before, right? |
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The bad thing is that bounty hunters will have to go through kyc, the initial exchange amount will be 30000 mvOL, and a 6 month freeze is planned. i was hoping for the best, but probably can't change anything anymore.
I also don't agree with the existence of kyc, especially the 100:1 conversion ratio, in my opinion, it makes a lot of people disappointed. hope with a long wait to get a good conversion ratio haha |
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Unless your country clearly states that revenue from farming is not a taxable income for under x amount, what that farmer is doing is tax evasion, in most of your post you're mistaken tax dodging with tax exemption, tinking hat if you're not paying it's just like that and it doesn't matter. The inability of your government to catch you doesn't make it legal.
Yes, I really don't know whether agricultural products are included in the tax payer or not. Because of my ignorance, finally I asked here maybe I will get an answer, whether agricultural or livestock products, whether on a small or large scale, are indeed taxpayers, or not taxpayers. If not taxpayer, then it won't be a problem. The outline of my question is whether in all countries, farmers, freelancers, or small micro-entrepreneurs who were not previously registered with the taxpayer have to report to the tax, or if they are not registered then they are not subject to the taxpayer? |
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Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it
You're from Indonesia right? That doesn't mean they're exempt from taxes, the law provides for that with some sanctions. It's just that sanctions aren't properly implemented, especially for the general public (non-civil servants). For those who are trying to be registered as a taxpayer, they may have administrative interests where a tax card is one of the requirements. And you must also be from Indonesia right? because you understand a little what I mean. As for the farmer's problem, so far there hasn't been any problem with the tax office and that's true. Even though their income can be said to have exceeded the minimum wage of employees. And from this difference between agency employees or government employees and farmers or freelancers, is this fair for the tax rules? |
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1. vehicle tax
Obliged to pay once a year, but there are also those who do not pay and the authorities also do not come to the taxpayer's house and in the end it is left abandoned
Impossible, when someone want to bought a vehicle he need to give his identity and it will recorded if he has a vehicle. So after a year, the tax employee can just contact him through his phone number or come into his house. That is true, but there is no such action. The only action related to non-payment of vehicle tax is when you drive down the street and meet with the police, the vehicle will be confiscated before paying the tax and fine. No. If they do not report their taxes, they are breaking the law. If it were as you say, no self-employed person would declare them.
You don't have to swear. Maybe you should tell us where you live to see if we can clarify.
No, they're not entirely breaking the law if they didn't self reporting their jobs and earning to the tax department, except they're have an intention to escape from tax and create fake story. A self employed person is submitting his identity on the freelance website, so the site already collected all of his identity and how much he make for every day/month/year. I believe the site is working together with the government. If the bank account of those self employed person receive the money which exceed from the minimum income should be taxed, of course the bank will ask him where he get the money and he should report it to the tax department. @OP is from Indonesia based on his old post https://bitcointalk.org/index.php?topic=1758141.msg19176208#msg19176208Yes, some of my friends who work in factories also get a small deduction from their salary for taxes, so they don't have to deal with taxes. What bothers me is if a person is not associated with a particular institution or industry, in the sense that he stands alone as I said before he is a farmer, even though he has a large income from crops and is not recorded in the taxpayer, does he have to make his own report or still not paying taxes because he never got the bill? |
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