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RE: Insane Tax Levels

in #money8 years ago

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.

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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.

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.

  • There is absolutely no reason to tax personal income, because most money comes from businesses, and you can't have a growing economy if you don't allow savings and spending.
  • There is even less reason to tax sales, because if they want a "consumerist" economy, then what is the point of taxing consumption?

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.

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