Personal Financial Goals vs Government expectations!

[Reatim]

But I think of taxes as a good thing.

It should be good but realistically speaking it is simply not.

There is too much corruption in our government that taxes are simply not being used properly. Instead they are being stored in the pockets of government officials.

I just wonder how citizens of certain cope with really large taxes to pay.

You should worry more about people that have only started earning a little and immediately the government is taking from them while millionaires have no difficulty evading taxes.

[oktana]

But I think of taxes as a good thing.

It should be good but realistically speaking it is simply not.

There is too much corruption in our government that taxes are simply not being used properly. Instead they are being stored in the pockets of government officials.

I just wonder how citizens of certain cope with really large taxes to pay.

You should worry more about people that have only started earning a little and immediately the government is taking from them while millionaires have no difficulty evading taxes.

I think it depends on what “government” you’re referring to. In top countries, despite the possibility of corruption, the money from tax is being used to develop and keep the country in order. This is why people visit top countries and are stunned at how good it looks, the tax made it possible. Anyone can evade tax if they know how. Some people think it’s not worth the risk, while others may think otherwise, but it’s not a big deal (depending on the country, again) considering that it is percentage based so you only pay when you’ve made some money.

[Yaqs15]

And how would you exit the matrix? By taking the orang pill? Uh-uh, it's also taxed, Neo.

I'm not sure in other countries but the taxes here in mine are already overlapping. And it's impossible to avoid them. Taxes are already deducted from your salary even before it reaches your wallet. And every time you spend, there are also taxes you're paying. Whether you're buying a pack of salt or riding a cab, you're paying taxes. Not to mention that your money itself is subject to inflation.

I'm afraid one can only escape taxes if one lives like a hermit.

I really don't know from which country are you, but same is happening in my country as well. The government of my country is even doing as if he doesn't have any way than to be leveling taxes on companies, industries, and factories. making the price of things high every day. these taxes can indeed not be avoided because as a monthly salary earner, it will be included in your salary. that is, before you receive alert, your tax will definitely be deduct. the only thing that you see is your Ballance which remain after the removal of everything. And even if you are not receiving monthly salary, you are going to take bike or you will buy something from market, companies, industries and factories. They will add it to the price of their materials. which they will collect from you.

If you use any of the public infrastructures and you benefit in some level to the programs that are hosted by the government and you think that your government is doing just fine and they're not incompetent and corrupt then paying your taxes is probably a fine thing to do, it should always come with your financial goals, after all, it's only fair that you give back to your society one way or the other when you're getting a lot of money. Another thing that you can probably do is to give back through your taxes. Unless you're a goddamn money laundering genius or you're part of a money laundering conspiracy, you can't really avoid taxes, as the saying goes, there's only two things that a man can't avoid in their life: death and taxes.

Not only paying of tax is my problem, but after tax payment is made, the money is used for what?
I don't know of your country or society,  but mine, the government will say pay your tax, pay your tax. which I am very sure it will be paid either directly or indirectly. by force or by wish, Government will definitely remove it if they want to. this is because they have law enforcement agency. If you don't want to pay, you will be forced to do it. and they level it on companies that produce what you buy. And after paying it which I think should be used to repair our roads, build school and hospitals, we are not seeing much. from them. That is my problem with them.

[lixer]

But I think of taxes as a good thing. I just wonder how citizens of certain cope with really large taxes to pay. However, without taxes, the government may barely have any money. And that will affect the country at large because what then can the country afford. In most cases these taxes aren’t always that big that paying it is impossible, so I think it’s something we should all comply.

Each person can only talk about the situations that he has experienced or that he knows about, so I don't agree with you, especially in the country where I live, corruption is so common that rich people don't even pay taxes. Only the poor have to pay and the rich get tax waivers or they get it waived. The other thing I don't understand is what the point of Taxes is on every little thing, be it food or clothing, that has made the poor man's life hell. Water, electricity, gas, flour, sugar, rice, leaves, taxes on everything else, government taxes are separate.

My question is how can the poor people pay so many taxes when they are not able to provide basic food and drink? And those who say that the rich pay taxes and the poor also pay taxes, the rich pay taxes on the little necessities because they don't care, they have so much money that if a little even if money goes out, it won't matter much to them, but for the poor man who barely earns enough, it is very painful to pay these taxes or to pay double the price. The government should make all kinds of facilities tax-free for poor people so that they too can live and rich people in every country should pay legal taxes regularly instead of evading them to help run the country and help the poor people.

[Riginac111]

The government does not want the average class and low class citizens to grow from that level to the next level, and this is why they have come up with taxes to eat up their income through various taxes, so that they will remain in that level and live from paycheck to paycheck. The government uses taxes to rob us of our hard earned money legally, and there is nothing one can do because they have put it in the law.

Force if last countries politicians and the the controller of civilized country always which way for the Citizens but a country that is not civilized the politicians who is the management of the government don't think positive to the citizen based on it is their own mentality so I believe that government is the problem some country have and there are the originator of country having economic crisis

[oktana]

But I think of taxes as a good thing. I just wonder how citizens of certain cope with really large taxes to pay. However, without taxes, the government may barely have any money. And that will affect the country at large because what then can the country afford. In most cases these taxes aren’t always that big that paying it is impossible, so I think it’s something we should all comply.

Each person can only talk about the situations that he has experienced or that he knows about, so I don't agree with you, especially in the country where I live, corruption is so common that rich people don't even pay taxes. Only the poor have to pay and the rich get tax waivers or they get it waived. The other thing I don't understand is what the point of Taxes is on every little thing, be it food or clothing, that has made the poor man's life hell. Water, electricity, gas, flour, sugar, rice, leaves, taxes on everything else, government taxes are separate.

My question is how can the poor people pay so many taxes when they are not able to provide basic food and drink? And those who say that the rich pay taxes and the poor also pay taxes, the rich pay taxes on the little necessities because they don't care, they have so much money that if a little even if money goes out, it won't matter much to them, but for the poor man who barely earns enough, it is very painful to pay these taxes or to pay double the price. The government should make all kinds of facilities tax-free for poor people so that they too can live and rich people in every country should pay legal taxes regularly instead of evading them to help run the country and help the poor people.

I get the point you’re making but what I see as well is that the tax isn’t a fixed amount. It’s depending on what you’re doing, and it is usually a small percentage of what you’re spending. I get the frustration of paying the tax and it ends up in the hands of corrupt leaders, but the sad truth is that nothing can be done. Instead, you can hope for a better leadership in your country so the tax is used to better your lives as well.

[bettercrypto]

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.

In all countries around the world, all the things people buy have a tax payment that is deducted from them. That is why there is no other source of income that the government of each country can obtain. The problem is that there are other countries that levy very high taxes on what their citizens buy.

That's why it's good that we can get our aim from financial problems so that even if there is an expectation that the government will deduct from our assets, we still have many sources of income that can be obtained somehow.

[South Park]

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.

In all countries around the world, all the things people buy have a tax payment that is deducted from them. That is why there is no other source of income that the government of each country can obtain. The problem is that there are other countries that levy very high taxes on what their citizens buy.

That's why it's good that we can get our aim from financial problems so that even if there is an expectation that the government will deduct from our assets, we still have many sources of income that can be obtained somehow.

The middle class are often the ones that suffer the most because of the high taxes they need to pay, as the rich have all kind of exceptions and loopholes they can abuse so they can pay way less than a middle class citizen, while the poor not only do not pay taxes but they even receive support from the government, so those that are middle class have to figure out a way to pay less taxes legally, if not, then they may never improve their economic status.

[Raflesia]

Tax is one of the problems that sometimes cannot be avoided but indeed I think it must exist because after all, one of the countries that will develop in terms of facilities or infrastructure is those who are very selective in recording taxes and that cannot be denied.
In addition, I still feel that taxes are used as one of the situations where we are like giving something for the sake of our survival in a country so that taxes will definitely continue to exist.

The size of the tax is also of course following the level of the economy in the end and when we live in a big city then surely the tax will also be greater because indeed what we spend in the end we ourselves feel (ideally like this) although there are not a few corrupt countries especially for their tax problems but as long as we are comfortable with the infrastructure and facilities provided then indeed it is not a problem.

The problem is that sometimes high taxes are not accompanied by the facilities provided so surely we will not accept high taxes but the income to us is not appropriate in the end which makes us object to paying taxes.

[Bitco55]

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.

  lol ... But on a serious note the government does feed on the dreams and goals of the people. Can't remember where I read this but, someone said, "In order to become rich, one would have to reduce their taxes & liabilities and increase their assets. In order to escape the matrix, you have to do the same. People work their whole life just to earn a pension afterwards but barely ever live a fulfilled because they sold themselves and their dreams to their country.

You have to learn to put yourself first, even if you're a government worker. Have side hustles, try to save, buy assets, and invest more. Your personal financial goals should matter more to you.

[crwth]

With everything going on, I believe it's always going to be the middle-class taxpayers who will do the heavy lifting. Most of the people at the top probably have created ways to reduce their taxes so they could have more. I believe that the percentage going on to the government is way higher in terms of overall payments.

I believe this is okay as long as you are getting the benefits that a government should have and it doesn't inhibit or stop you with anything else. You are getting the proper care. But if not, it shouldn't be continued or something.

[TheUltraElite]

Truth is you cannot escape the system of taxation.

The ones who can are the ones who are super rich, government dont really care about them. The middle class suffers the most. The way I see it, taxation is a necessary evil which you cannot stop and hence have to learn to live with.

Thus spend only what is needed and budget your spending properly. Cut down on useless stuff like alcohol and fast food. Stop watching netflix and move back to bittorrent. These are only examples but can be applied in reality.

[bitLeap]

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.

Use the search button to find a tax-free country that seems suitable for you to live in. Because if you have to find a way to escape government surveillance, you will always have problems. In fact, the government does not only depend on the middle class, taxes are imposed on all its citizens. In my opinion, the government is actually trying not to impose large amounts of tax, is it true that in your country tax is only 75% of income? or not?
Avoid taxes just because you want to achieve true financial freedom as I said living in a country that exempts taxes, namely a Middle Eastern country. However, has its citizens been proven to achieve 100% financial freedom? certainly not. So this is a matter of sobriety, not a misconstrued obsession with financial freedom.

[Renampun]

...

I think it depends on what “government” you’re referring to. In top countries, despite the possibility of corruption, the money from tax is being used to develop and keep the country in order. This is why people visit top countries and are stunned at how good it looks, the tax made it possible. Anyone can evade tax if they know how. Some people think it’s not worth the risk, while others may think otherwise, but it’s not a big deal (depending on the country, again) considering that it is percentage based so you only pay when you’ve made some money.

In developed countries, they have a legal system that is really firm and targeted compared to developing countries and poor countries, so discussing taxes, I agree with you, it will be different in each country.

I take the example of the country where I live, Indonesia, here corruption is very mushrooming, it is even very difficult to stop it, because the punishment for those who misappropriate taxes is very blunt.

Therefore, when you are able to make money comfortably and pay taxes obediently, you have contributed enough to your country (regardless of whether the country you live in is corrupt or not).

[mindrust]

Citizens want to live without working but also want to own everything. A luxury car, a big house, a yacht, a young spouse and a huge passive monthly income to pay for these expenses. That's the final goal of every ordinary citizen.

The government on the other hand, wants you to work forever till you die. They don't want you to get retired and live on passive income because then you'll become a free-rider. The other people who still work will be paying for whatever you consume.

If you are living off of passive income, congrats. You have beaten all of your enemies including the end-game boss "the government" and won the game that's called "life". You can now happily raise your middle finger into the air and scream:

"FUCK YEAH" .!.

[legendbtc]

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.

Use the search button to find a tax-free country that seems suitable for you to live in. Because if you have to find a way to escape government surveillance, you will always have problems. In fact, the government does not only depend on the middle class, taxes are imposed on all its citizens. In my opinion, the government is actually trying not to impose large amounts of tax, is it true that in your country tax is only 75% of income? or not?
Avoid taxes just because you want to achieve true financial freedom as I said living in a country that exempts taxes, namely a Middle Eastern country. However, has its citizens been proven to achieve 100% financial freedom? certainly not. So this is a matter of sobriety, not a misconstrued obsession with financial freedom.

This is the first time I've seen someone come up with the idea of being financially independent by avoiding taxes, LOL. As far as I know, in developing countries or third world countries, most people do not like to pay taxes and find ways to avoid taxes. Simply because they think the government is too greedy, the government is both corrupt and wants to tax without thinking about people's lives. Therefore, many people always find ways to avoid taxes and that thinking is not necessarily wrong because finding people's income is not as easy as in other developed countries. Furthermore, I see that even when paying taxes in full, people do not enjoy full citizenship benefits, so people have the mentality of not wanting to pay too much tax.
But we also need to note that paying taxes is an obligation and a way for us to contribute to building our country's economy, so tax evasion also contributes to negative impacts on the domestic economy.

By the way, I bet OP that even if he successfully evades taxes, he cannot be financially free if he does not find a way to increase his income and assets.

[MissNonFall9]

What we earn and what we spend in our personal lives are included in direct and indirect taxes. In this way the government earns income which it spends or is supposed to spend on the development of the country i.e. the needs of the people. But to a large extent it appears (especially from my country's point of view) that we are getting none of the fair benefits we deserve through direct and indirect taxes paid. That's when our troubles begin. So in such a situation, we want to find many ways to reduce taxes and implement them.

[Mrbluntzy]

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.

Government relies on the tax of every citizen in the country and not just just from the middle class. Perhaps not only the rich man or the business men that knows how to avoid tax by some loop holes in the system. Even the middle class too who gets to knows the loop holes to avoid taxation are doing it and skipping to pay some tax. Businesses starting from Partnerships, Corporations, sole proprietorships and limited liability companies are paying tax and still paying their employees who also in turn pay tax. You can see that tax is coming from everyone in th country. If one person can avoid tax through any means, another person that knows the same means can also avoid tax too.

[btc78]

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.

Government relies on the tax of every citizen in the country and not just just from the middle class. Perhaps not only the rich man or the business men that knows how to avoid tax by some loop holes in the system. Even the middle class too who gets to knows the loop holes to avoid taxation are doing it and skipping to pay some tax. Businesses starting from Partnerships, Corporations, sole proprietorships and limited liability companies are paying tax and still paying their employees who also in turn pay tax. You can see that tax is coming from everyone in th country. If one person can avoid tax through any means, another person that knows the same means can also avoid tax too.

Let’s all be honest it’s the middle class who suffer the most from taxation. There are loopholes but it will only exist if you have so much money and ability to transfer assets from one country to another. Meanwhile the middle class people have to actually pay lest the government comes knocking on their doorsteps.

[oktana]

What we earn and what we spend in our personal lives are included in direct and indirect taxes. In this way the government earns income which it spends or is supposed to spend on the development of the country i.e. the needs of the people. But to a large extent it appears (especially from my country's point of view) that we are getting none of the fair benefits we deserve through direct and indirect taxes paid. That's when our troubles begin. So in such a situation, we want to find many ways to reduce taxes and implement them.

I understand the whole corruption concern and I’ve seen a couple of replies talking about it but I hope you know that your country wouldn’t be what it is today if it wasn’t for tax. It doesn’t matter what country it is, tax has a huge role to play. And if you pay attention, the countries with higher tax are the ones that are usually luxurious. So the country actually needs the money despite some people who hinder it getting to where it should.