Taxes in most of the developed world is now unreasonable. Many people get away with paying little to no taxes in developing countries and they now have more discretionary income than your typical working class European or North American.
Taxes in most of the developed world is now unreasonable. Many people get away with paying little to no taxes in developing countries and they now have more discretionary income than your typical working class European or North American.
No that is not true, everyone is heavily taxed except the elites and the big corporations. If you have personal income, then you are toast, you can't deduct anything except special things like if you have a kid or disability.
If you have a business, you are still paying 50% or whatever is the corporate rate+ social sec, the only thing you can deduct is your expenses, which is a good strategy, but you still need to access the money somehow. So if you give yourself a job at your company that is then personal income ,and you are back at the above scenario.
The only way to get away with it legally, is with a corporation that has endless credit, because there are some sneaky ways how you can pay almost 0 tax, by taking out a loan and use that as an income, while you pay off the loan through the business, and effectively pay no tax on the excess. I have heard several theories how you can do that legally, but you need good lawyers, a partner bank , and a big corporation for that.
So no, the average working class is toast, middle class people and medium businesses are toast. And only the mega corporations are tax exempt, the others are enslaved.
In fact it's so bad that corporations can even sit with with the Tax Department to negotiate taxes. Can you believe that? I thought taxes apply to everyone, but it looks like you can negotiate yourself out of it, if you have the political connections.
BTW, it's common for EU and UN workers to be tax exempt, while we the slaves are not:
http://planet.infowars.com/politics/united-nations-tax-exemption-un-employees-exempt-from-income-tax
I'm not sure if you understood my point. Citizens of many developing/3rd world countries are very under-taxed in comparison to first world countries. It is to the point that they have more savings at the end of the month. This is mostly due to inefficiency of tax collection and the fact that people will riot in the street if they had to pay over half of their income to the state.
I'll give you an example. A Panamanian friend of mine earns around $1,000 per month in combined income sources. He pays $0 in income taxes per month and there is nobody knocking on his door to collect. After his expenses, he has hundreds of dollars to go into savings or entertainment at the end of each month.
An American or European with a middle class income lives paycheck to paycheck and rarely sets aside cash for savings.
Good to see some people who still have their balls. Because the 1st worlders have just became so complacent and ignorant that they don't care about anything.
I would personally abolish all taxes, because it's an immoral way to force people to pay for things they might not need.
But on a more sensible way, at least the personal income tax, and the sales tax should be abolished immediately.
So as you can see, these moron Nazis are mentally ill people who have 0 knowledge about the economy.
I just wait for the day, when we will have a free world, without violence and coercion.