Personal Financial Goals vs Government expectations!

[Huppercase]

Don't forget that taxes are also used to pay the salaries of civil servants who often work below standard and work without pressure compared to the pressure faced by private employees because private employees will always work according to the targets set by the company, and private employees pay taxes, that's the cycle and it is quite ironic indeed and there is nothing that can be done other than accepting and hoping that the government uses the tax money fully for the welfare of society and corruption is not something that can be avoided in a country with low law enforcement. However, taxes should not make us give up hope of achieving the financial goals we hope for, so that when we have to pay taxes it no longer makes us annoyed.

Don't say government workers don't work without pressures or work below standard. We have 3 tiers of government which are the federal level, the state level and the local government levels. The position and Place that people works actually determine the effort they put in their work and so is their payment. A person working in a federal level do have some pressures and have to do standard work else they will be relieved from there work or even demoted to lower level but a state person workers doesn't get high pay and might do less work and also the local level.

The only advantage of government work is that you are entitled to gratuity and pension after you leave the work but in a private settings where the company only pay you when you work, your job is not secure like that and you can get fired at any time but government job hardly sack person once they are been handled their employment letters and you can take leave most times while private leave is a very difficult thing that need to be negotiated.

[indah rezqi]

Really! Taxes rise, but wages remain the same. But if there were no taxes, there would be no state. After all, the money you pay is spent on many areas of human life: medicine, the army, road improvement and the construction of municipal institutions. I would like to believe that taxes are spent in full on all these areas. Because the most pressing problem of our time is corruption.

Don't forget that taxes are also used to pay the salaries of civil servants who often work below standard and work without pressure compared to the pressure faced by private employees because private employees will always work according to the targets set by the company, and private employees pay taxes, that's the cycle and it is quite ironic indeed and there is nothing that can be done other than accepting and hoping that the government uses the tax money fully for the welfare of society and corruption is not something that can be avoided in a country with low law enforcement. However, taxes should not make us give up hope of achieving the financial goals we hope for, so that when we have to pay taxes it no longer makes us annoyed.

If we see the good things the government is using the taxes for the growth of the individual state and the country in general. No one will complain about paying taxes. Instead, there will be people willing to give more to the government so that more good can be done. On the other side, the government are using the taxes for their benefit. Meanwhile, the masses are suffering from the consequences of their actions.

I don't see anyway axes will be a problem in achieving financial goals. The taxes are not equivalent to the amount of our income so it shouldn't be something that will be much of a hindrance. However for those with more responsibilities and those living in countries where the taxes are so high then it becomes a problem.

I think that every country has transparency rules to provide information to its citizens about how their tax revenues are used, for what purposes, and so on. Even those who act on behalf of the state and work for the state are also subject to tax. This system is considered the best way to run a country. However, there are gaps in various sectors. For example, when the government increases the amount of income tax deductions, it is not accompanied by an increase in salaries. On the other hand, business people are always looking for ways to avoid paying normal taxes because the amount they have to pay is quite large.

Therefore, in my opinion, the best way to measure whether a country is running well after demanding that its citizens behave tax-compliantly is to look at the level of welfare of its people. The fewer gaps there are, the better the country is managed. Of course there are many other indicators related to this, but one thing is certain, only a few countries exempt their citizens from the obligation to pay taxes.

[Vinaa77]

What is the meaning of being a good citizen and tax payer?

Have you ever wondered why we always have been told to study hard, find a job, work hard, pay taxes, and retire at 60?

If you become successful as getting job then you are generating revenue for your government in the form of tax explicitly and also you are contributing to the betterment of their economy in some way. So don't you ever think why always get a good job?

If citizens have paid taxes, of course they have the right to receive services from the government in the form of good public services and also the government must be able to provide what their people need properly, but if the government cannot do this, of course there is something wrong with the management of the tax funds that have been provided. paid by their community, to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

[Qiubell5]

I think that every country has transparency rules to provide information to its citizens about how their tax revenues are used, for what purposes, and so on. Even those who act on behalf of the state and work for the state are also subject to tax. This system is considered the best way to run a country. However, there are gaps in various sectors. For example, when the government increases the amount of income tax deductions, it is not accompanied by an increase in salaries. On the other hand, business people are always looking for ways to avoid paying normal taxes because the amount they have to pay is quite large.

Therefore, in my opinion, the best way to measure whether a country is running well after demanding that its citizens behave tax-compliantly is to look at the level of welfare of its people. The fewer gaps there are, the better the country is managed. Of course there are many other indicators related to this, but one thing is certain, only a few countries exempt their citizens from the obligation to pay taxes.

If we judge whether a country is advanced or not, it can be seen from taxation itself, depending on how it is managed, as we know, movable and immovable goods are definitely taxed, and it all goes back to being used for the welfare of the people themselves, even though many certain individuals take advantage of this tax, because difficult to eradicate because their cunning is not something that can be avoided for all of that, with the state enforcing the law to the maximum it is much better for the future to create progress  for the country.

[Findingnemo]

to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

I am not against someone studying or getting a degree of any field but what I am denying is that why it was taught us to be our ultimate goal of our life, let's do the match you get a decent job that pays $100K a year you need 10 years to become a millionaire and mind you can't allowed to spend a penny from your earnings but we pay 20-30% as form of direct tax from that $100K and you need to pay all your bills, insurance then rent/mortgage so you may able to save $10K a year and with this you need 100 years to be a millionaire but isn't possible then how we have millionaires who manage to make that kind of money with one or two years?

And if you observe they might not even made money with their studied skills but the knowledge they acquired.

[YOSHIE]

anything everything has taxes that eat most our earnings.

That's true, living as a citizen is the main tax factor that has been determined by the government, of course for those who have a business or a fixed income, As far as I know, taxes have laws and percentages in tax payments. In my country, taxes are imposed on companies depending on adjusted income within one year.

Some of the problems I see are that most of the companies charge taxes to consumers, for example: Cigarettes are sold per stick/0.1$ tax is also charged there/0.1$ means that if one pack of cigarettes contains 16 cigarettes, the cigarettes are sold at a price of $3.2/pack.
Here there is clearly no loss for the company/individual because the price of cigarettes and taxes are imposed on consumers, they sell in full at the price determined by the company, as do other companies.
 

So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

I don't think so, individual and company taxes are different.
Example:
Personal tax in my country is charged to individuals only at 1% of monthly income, if they have a salary/monthly income of $1000, they are immediately deducted PPH/VAT of 1%=$10, My understanding is that it does not have an impact on financial losses, a tax of that size is normal for the people in that country.

Different from corporate tax, it is completely passed on to consumers without them realizing it.

[MissNonFall9]

The definition of middle class may vary from country to country, but in many countries it has a definition like you said. As a result of poor economic management, the middle class disappears and classes are determined as very rich and poor.

As living conditions became difficult, the middle class lost its economic power. The rich got richer and the class gap widened. This situation affects society negatively. Increasing the difference between classes means that there is injustice in the distribution of resources.

Do you think differently about this, they could deliberately eliminate the middle economic class for the purpose of becoming 2 different groups namely the rich and poor class, this is for the purpose of increasing tax revenues because some of the middle economic class are included in the rich class with the rules that have been updated with the same percentage amount that must be paid in tax.

If the government really thinks about things like what you mentioned, I think it will look good, because if all the taxes that people pay are different between the poor and rich classes, of course this will make the poor people continue to pay their taxes because they are in small amounts and for those who Those who have a lot of wealth will certainly have to pay more taxes because the wealth they have will be able to pay the taxes imposed on them by the state.

It can be said for sure that if the government of a country properly utilizes the taxes collected from the people then there will be no hesitation in the public mind rather the people will be motivated to pay their taxes more accurately and clearly. Therefore I believe that if the government conducts its activities through transparent accountability there will be no hindrance in the development of the country and the people will also play a supportive role.

[Zadicar]

Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

Or like the bald guy says, we need to find a way to exit the Matrix.

So how you would gonna do it?

Trying out to escape on paying up taxes on means on not to acquire those things which are being taxed? Like good and other things that you do need on everyday? Of course it would really be
something that indirectly is happening but we do know that taxes are really that a crucial part on economic development or simply it do plays that integral role. I do understand that there might be some
doubts from citizens who do know about on how corruption works and its really just that fine if taxes are really that being used on the right way and not really just that ending up into their government officials
purse or wallets on which this is something that rampant into some third world countries on which you cant blame out on why they would really be trying out to hide and not to pay up some taxes.

Speaking about avoiding with those taxes applied on good and services then this is something that cant be avoid into. You cant avoid on paying up taxes
by not making some true declarations when it comes to business or investment but of course you do know the risks on the moment that you would be getting
caught on which it would really be that a huge problem on that case.

[Baki202]

If citizens have paid taxes, of course they have the right to receive services from the government in the form of good public services and also the government must be able to provide what their people need properly, but if the government cannot do this, of course there is something wrong with the management of the tax funds that have been provided. paid by their community, to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

That is exactly how its supposed to be taxes are supposed to be used for the welfare of the people and also for the development. And also initiating new utilities this was supposed to be in accordance with the government having people in mind but you can not even question them even when we are in a government of democracy. The government charges in all most everything but still can not provide everything i will always use my country as an example because during campaigns they always promise what they can not do and I don't think that is fair. Because they were elected by us so they should make us a priority.

Its turned to a situation were we are no longer under the care of the government we don't have a choice than to just look after our self. And instead of us to look after our selfs all we do is to complicate issues the more because most of the problems we are the cause of it so we have to dance to music of what we created.  Because even mastery in what we studied might still make it difficult to get a job.

[Gladitorcomeback]

If citizens have paid taxes, of course they have the right to receive services from the government in the form of good public services and also the government must be able to provide what their people need properly, but if the government cannot do this, of course there is something wrong with the management of the tax funds that have been provided. paid by their community, to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

That only happens in some of the most developed countries where there is no corruption in the government and all the money that is collected through taxes goes for public services and creating more job opportunities for the public, but in many countries, that isn't how things work. Government officials in most nations are corrupt and those who are managing the treasuries where tax money and other funds go, don't distribute that money evenly on public services or for serving the nation but they take a large percentage of that treasury for personal uses.

This mostly happens in developing or third-world countries where the government is full of corrupt officials who eat the money of the public that is collected through taxes and other means and this is the reason why those nations and countries don't develop because their leaders are a bunch of thieves.

[C10H15N]

Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

The government expects you to be good livestock.  Never question them, work and pay taxes until you die, and die before you collect the retirement and medical benefits that you have supposedly earned.

All governments are the puppets of the wealthy.  The job of government is to provide the illusion to average working people that they have some degree of representation and control over their lives.

"The rich shall rule over the poor and the borrower is slave to the lender" - Solomon, son of David, King of Israel (Proverbs 22:7)

[Scarlett_23]

The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

The government of a country earns income in different ways depending on the citizens of that country.  Even the government earns income by taxing the income and expenditure of the citizens. To do business, the government is taxed in various ways, and even if the merchant's product is to be bought by the common consumer, the common consumer has to pay tax.    Any employment or business has to pay income tax.  And the middle class has the most trouble to pay taxes.  Most of their earnings go to doing these things on top of the price hike.

[Kliss]

Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

Or like the bald guy says, we need to find a way to exit the Matrix.

It's true that individuals often try hard for financial independence which can sometimes be dispute with the tax burdens imposed by the government particularly on the middle class. It can be frustrating to see a significant portion of your hard-earned money vanish into taxes, especially with indirect taxes adding to the burden. The system does seem designed to keep the middle class in an unending cycle of just getting by without truly growing. Breaking out and achieving real financial freedom requires more than just hard work, it's about understanding the system and playing it smarter like those at the top do. By mastering the rules and finding ways to hold them to your advantage, you can build lasting wealth. It's natural to question a system that sometimes feels like it's holding us back instead of moving us forward.

To go through the system and move closer to your vision of success, it's  critical to adopt a strategic approach that aligns with your aims. One effective strategy is to focus on financial education. By understanding the details of taxes, investments and personal finance, you can make good decisions that work in your favour. Searching for approach like tax efficient investing, diversification and long term wealth building can help you break out of the cycle and build a more secure financial future.

[Marvelockg]

What is the meaning of being a good citizen and tax payer?

Have you ever wondered why we always have been told to study hard, find a job, work hard, pay taxes, and retire at 60?

If you become successful as getting job then you are generating revenue for your government in the form of tax explicitly and also you are contributing to the betterment of their economy in some way. So don't you ever think why always get a good job?

If citizens have paid taxes, of course they have the right to receive services from the government in the form of good public services and also the government must be able to provide what their people need properly, but if the government cannot do this, of course there is something wrong with the management of the tax funds that have been provided. paid by their community, to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

unfortunately, most of the tax payers money don't end up being used to provide amenities for the tax payers. The percentage of the taxed money that eventually gets to the millions of tax payers around the nation is always less than 40% with maturity of the project only centered at the urban areas. Apart from the regular tax that's directly removed from civil servant and shop owners, all the goods we consume are being taxed from which means that we are paying tax for almost all the things we do and yet, we can't ger free electricity and even after paying for our electric bills, you don't get to see what you've paid for.

Tax is just not useful in most part of the world and honestly, it's just another scheme that's used by the government to extort money from the citizens. If the purpose of tax was being followed and all tax payers money where used to do the purpose it's supposed to serve, it would have been one of the most functional policies that's centered at aiding the developmental stride of a nation. Unfortunately, most persons in charge of such sectors don't consider being accountable with regards to the funds that they receive as tax from the people and even when they see needs in the locality looking at them eyeball to eyeball, it wouldn't bother them that those needs would have been met should they have used the tax payers money in the right way.

[Bright0515]

The government are much more interested in the taxes of the citizens because they will tell you that from that tax payment is where they get money for the development of the economy. When I was in secondary school our teacher always speaks about tax payment and she emphasized that them the teachers also pay taxes from there salary and she explained further saying from the taxes withdrawn from them the money goes into the nation's account and for sure I have had that mentality sometimes I just feel like the only way to get out of these tax of a thing is to be independent not until I went to a place where I saw different groups of government officials coming to in your shop to collect taxes and they say they are government officials then I changed my taught again.

You can't escape this tax payment no matter what even a common man still pay tax to banks when they withdraw money and from there the bank also pay to the government so tax is an all round cycle.

[C10H15N]

That only happens in some of the most developed countries where there is no corruption in the government and all the money that is collected through taxes goes for public services and creating more job opportunities for the public, but in many countries, that isn't how things work. Government officials in most nations are corrupt and those who are managing the treasuries where tax money and other funds go, don't distribute that money evenly on public services or for serving the nation but they take a large percentage of that treasury for personal uses.

This mostly happens in developing or third-world countries where the government is full of corrupt officials who eat the money of the public that is collected through taxes and other means and this is the reason why those nations and countries don't develop because their leaders are a bunch of thieves.

I would say that happens in ALL countries.  In developed countries the taxpayer money is stolen and laundered through foreign aid (Ukraine) and government contracts to large corporations (Blackrock, Boeing, Palantir, etc.)

[slapper]

What is the meaning of being a good citizen and tax payer?

Have you ever wondered why we always have been told to study hard, find a job, work hard, pay taxes, and retire at 60?

If you become successful as getting job then you are generating revenue for your government in the form of tax explicitly and also you are contributing to the betterment of their economy in some way. So don't you ever think why always get a good job?

If citizens have paid taxes, of course they have the right to receive services from the government in the form of good public services and also the government must be able to provide what their people need properly, but if the government cannot do this, of course there is something wrong with the management of the tax funds that have been provided. paid by their community, to be able to get a good job of course everyone must have good abilities and also good skills in their field of work because it is impossible for us to get a good job if we don't have skills in the field of work we want Therefore, we must be active in studying so that we can master well the field in which we want to get a job.

unfortunately, most of the tax payers money don't end up being used to provide amenities for the tax payers. The percentage of the taxed money that eventually gets to the millions of tax payers around the nation is always less than 40% with maturity of the project only centered at the urban areas. Apart from the regular tax that's directly removed from civil servant and shop owners, all the goods we consume are being taxed from which means that we are paying tax for almost all the things we do and yet, we can't ger free electricity and even after paying for our electric bills, you don't get to see what you've paid for.

Tax is just not useful in most part of the world and honestly, it's just another scheme that's used by the government to extort money from the citizens. If the purpose of tax was being followed and all tax payers money where used to do the purpose it's supposed to serve, it would have been one of the most functional policies that's centered at aiding the developmental stride of a nation. Unfortunately, most persons in charge of such sectors don't consider being accountable with regards to the funds that they receive as tax from the people and even when they see needs in the locality looking at them eyeball to eyeball, it wouldn't bother them that those needs would have been met should they have used the tax payers money in the right way.

After working hard, a big portion of it goes to taxes. And why? Not even half of it is useful. Cities' 40% efficiency is a joke, but what about those poor bastards in the sticks? A dime is likely their luck. It seems like the system favors the wealthy

Man, it's vicious. As we pay more, we get less. That makes you want to say, "Screw it, I'm moving to a tax haven." There might be a better method. Suppose we could choose how our money is spent. Direct democracy. Imagine if local tax boards of average people like you and me allocated funds. Might as well fix the roads instead of erecting another politician's vanity project. We could fund schools and hospitals instead of failed industries