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Topic: Original Post Deleted Because This Account was Hacked (Read 532 times)

full member
Activity: 182
Merit: 100
Hodl regularly and often!
what if half of your income were tax free income. so half of your money is all yours and isnt taxed at all but the other half will be taxed.

would this benefit spending in the economy and reduce tax evasion?

So half of your income at 0% tax and the other half at 0% tax?


And people would avoid taxation even it was 1%.


No, to everything people do there is usually a cost/benefit analysis. Most economists agree that reducing taxes reduces tax evasion, as people are less likely to risk going to jail or having their wealth confiscated when the benefit of evading taxes is reduced. It should be common sense really.

My account was hacked. I would never spout such nonsense. Sorry.
newbie
Activity: 21
Merit: 0
what if half of your income were tax free income. so half of your money is all yours and isnt taxed at all but the other half will be taxed.

would this benefit spending in the economy and reduce tax evasion?

So half of your income at 0% tax and the other half at 0% tax?


And people would avoid taxation even it was 1%.


No, to everything people do there is usually a cost/benefit analysis. Most economists agree that reducing taxes reduces tax evasion, as people are less likely to risk going to jail or having their wealth confiscated when the benefit of evading taxes is reduced. It should be common sense really.
full member
Activity: 182
Merit: 100
Hodl regularly and often!
what if half of your income were tax free income. so half of your money is all yours and isnt taxed at all but the other half will be taxed.

would this benefit spending in the economy and reduce tax evasion?
It would have no impact on government lust for spending.  So they would just double the tax rate on the half that is taxed.  Probably double plus a little extra just for being insolent.

MY ACCOUNT WAS HACKED. Sorry, I would never suggest this. I can still acces the account, but cannot change the password ( open browser tab still lets me in). needs to be reset or delete this account. thanks.
legendary
Activity: 1078
Merit: 1003
I'd rather there be a voluntary exchange of service between me and my government; they provide security and infrastructure, I provide them with money, it's a win-win situation.





HA like that will ever happen.
sr. member
Activity: 260
Merit: 250
what if half of your income were tax free income. so half of your money is all yours and isnt taxed at all but the other half will be taxed.

would this benefit spending in the economy and reduce tax evasion?
It would have no impact on government lust for spending.  So they would just double the tax rate on the half that is taxed.  Probably double plus a little extra just for being insolent.
hero member
Activity: 574
Merit: 500
what if half of your income were tax free income. so half of your money is all yours and isnt taxed at all but the other half will be taxed.

would this benefit spending in the economy and reduce tax evasion?

So half of your income at 0% tax and the other half at 0% tax?


And people would avoid taxation even it was 1%.
full member
Activity: 182
Merit: 100
Hodl regularly and often!
Have a nice day.
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