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Author Topic: Rules of Taxes  (Read 474 times)
GeorgeJohn
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April 24, 2023, 08:28:49 PM
 #61

<...>
Government is not after of what that will bring good for people, what Government is to accumulate their revenue,

Governments can't "accumulate" revenue, and it's really bad even for the worst of them if they would try this.
It means they will get fewer votes and then they would get thrown out of power and they would have no way to actually spend the amazed revenues, which is really really stupid. What bad governments do, which btw are still made out of people is spend less money on what's important for the people and more on things from which they can have a share of the money in bribes or profits, but no bad government would ever try to "accumulate" stuff.
I don't want to dispute you, because I know very well that government accumulate revenue, and from my understanding the revenue of government comes through tax, so saying that government accumulate revenue I don't think that am mistaken over it, I believe that, because in my country some regions revenue is higher than other parts revenue, I still quote that government that government of 1978 and government of the year of 1980 was having her citizens at foresight,  but the present government doesn't have the interest of her people, because their motive is only to enrich itself and cabinet's, this present set of governance, they only promise during the time of election but they will not accomplish their duties as they promise immediately they are elected in office, politicians are a fruit called bitter cola, the sounds of bitter cola is different from the taste, so let us not to believe forty percent of what people says concerning government promise
 

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April 24, 2023, 10:21:02 PM
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 #62

And then the best method of taxation that ought to be adopted world wide is Pay As You Earn (PAYE). With this method of payment, everyone would be able to pay and before civil servants will recieve their salary, tax must have been deducted with a standard implemented method of taxation.

I believe this the income tax. Well, not everyone who earn pays taxes here in my country. Income tax are only into effect if you're earning more than $4,500 per year. Though this has not been accurate for most, especially for those who are in freelancing industry, but this has been a big help for minimum wage earners. The only thing that's killing these people are the VAT and rapid inflations.

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April 25, 2023, 05:25:13 AM
 #63

It makes sense that you are unclear about the tax laws in your nation and the various restrictions for various forms of income. It certainly seem unjust that some individuals with high incomes are exempt from taxation while those with low incomes must pay taxes.

It's crucial to keep in mind that taxes are required to pay for crucial public services like healthcare, education, and infrastructure. These services wouldn't be accessible to everyone without taxes, and the burden would fall disproportionately on the less fortunate.

It's also important to remember that tax avoidance is prohibited and has dire repercussions. While some people might be able to avoid paying taxes for a while, they might end up getting caught.

Everyone needs to pay their fair share of taxes, according to their income and other relevant circumstances, in general. You may wish to speak with a tax expert or government representative if you have issues or questions concerning particular tax laws in your nation. They may offer you more information and direction.
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May 02, 2023, 08:07:05 AM
 #64

It is not much to worry about if someone does not pay their own taxes, as that is the rule that can be used for every country that is still in the tax code. 
For example in some countries like India and in some places the penalty may be a lot higher. Some countries will pay the tax in the following way, like for example, if you are planning to buy a coffee on the island of Maldives (2 years ago people are buying coffee, now they are buying coffee) if you know how to live without that, then there is no point in paying
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May 02, 2023, 08:23:11 AM
 #65


I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. 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 whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.

Indeed, sometimes the tax regulations are complicated and sometimes they seem unbalanced. In general, taxes are designed progressively, meaning those who earn more pay a higher percentage of taxes. In the case of the farmer you mentioned, if they made $2,000 in the crop, they probably wouldn't have to pay taxes if they weren't registered or didn't report their income. Again, if their income exceeds a certain threshold, they may be required to pay taxes.

I think the purpose of taxation is to provide revenue for the government to fund public goods and services, and to ensure that everyone pays their fair share based on their ability to pay.

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May 02, 2023, 01:19:26 PM
 #66

The most effective in terms of collection are indirect taxes.  

One of the most popular indirect taxes is VAT.  The final payer of VAT is an individual, an ordinary citizen, who purchases goods, works and services and pays this tax as part of the price.  

The seller of goods, works or services (organization or individual entrepreneur) pays this tax to the budget (acting as a tax agent).  It is much easier to exercise tax control in relation to organizations and individual entrepreneurs than in relation to citizens - individuals.  

Therefore, VAT and other indirect taxes (sales tax, excise tax, etc.) have a very high level of collection.

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