Topic: Personal Financial Goals vs Government expectations! (Read 1120 times)

One of the sources of income for the government to run the country is VAT and taxes. Which the government can never cancel. Then a huge amount of money will be lost which is used for the welfare of the country. All the development of my country is with the money of all the people of the country and through foreign financial resources. So we should not skimp on paying all these VAT or taxes. Although we know that many countries do not develop enough after taking all these VAT taxes because of internal issues or corruption. However, awareness should be adopted on the part of the people and the government should be held accountable in this regard.

We can not achieve our personal financial goals if the government does not allow  that to happen, governments will not banned the tax because they will end up not earning a lot. But since it is the citizens that are losing their income in the name of tax, it will not serve as a problem to the government, but sincerely speaking the payment of taxes has been a burden to some citizens, if you are expecting a certain amount of money, for instance, your salary and you make a good planning for it, if taxes was removed from the salary, your budget will be ruined.

And the taxes that we are paying to the government suppose to be returning to us in a way of developing our country, that is, constructing the bridges, renewing the roads, building of schools, hospitals and providing them with the equipments required, generating water board and so on, and after paying such amount of money as tax will end up seeing nothing

It is exactly what is going on in society and no one is happy about it. Yet nothing can be done to resolve it. When we try to achieve things the government makes laws, sanctions, or one way or the other makes it difficult to achieve those things.

I agree with what he said. Government workers do not work without pressure. They feel reluctant because there is no one to supervise their services and if there is an invigilator they will get informed to come to duty after several days of not showing up. Perhaps you have not visited some government offices, hospitals, or schools. If you have of course you will be able to relate here. However, am not generalizing it to all government workers. Some of them are punctual and love to do to duties.

Taxes go hand in hand with earning and salary, they are not opposed to each other. Taxes the government raises are meant to be pooled together and collectively make all the shared resources that we use cheaper to support. There are certain things that are much more efficient when you pool large amounts of money together and get cheaper when the economies of scale get better. Do you suggest that everyone pays to have their own individual roads? That does not seem practical on any level. It also helps to fund safety nets, like the fire service or providing help to the least fortunate in society or those who are transitioning between jobs as different industries cycle up and down.

It is true that some things happen in our life which we cannot change. Since we have to pay taxes we have to take proper guidance on how to reduce the tax rate in direct taxes and work accordingly. But since we have nothing to do with indirect taxes there is no opportunity to take any action on them. So we should focus on our productive work and economic development as much as possible.

The exploitation of the gullible citizens who are willing to pay taxes is of course a sad reality that we are living in, but it's a one that we can't fight unless we would like to switch sides. The reality is that we are going to keep seeing this type of situations a lot more often, and there isn't really a way to make a return from that, it would not be smart decision at all.

I think it's clear that we should just do what we must, and let the government take what they want, and instead of trying to figure out a way to get out of that, try to elect people who would do the opposite and get from the rich. That is all we can do, like for example in the USA it would have benefited 300+ million to elect Bernie, and yet they didn't, instead elected two people who would benefit only 1 million people for some reason.

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

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.)

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.

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.

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.

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)

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.

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.

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.

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.

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.
 
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.

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.

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.

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.