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Topic: Rules of Taxes (Read 526 times)

legendary
Activity: 2338
Merit: 1775
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May 02, 2023, 08:19:26 AM
#66
The most effective in terms of collection are indirect taxes.  

One of the most popular indirect taxes is VAT.  The final payer of VAT is an individual, an ordinary citizen, who purchases goods, works and services and pays this tax as part of the price.  

The seller of goods, works or services (organization or individual entrepreneur) pays this tax to the budget (acting as a tax agent).  It is much easier to exercise tax control in relation to organizations and individual entrepreneurs than in relation to citizens - individuals.  

Therefore, VAT and other indirect taxes (sales tax, excise tax, etc.) have a very high level of collection.
sr. member
Activity: 882
Merit: 215
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May 02, 2023, 03:23:11 AM
#65

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.

Indeed, sometimes the tax regulations are complicated and sometimes they seem unbalanced. In general, taxes are designed progressively, meaning those who earn more pay a higher percentage of taxes. In the case of the farmer you mentioned, if they made $2,000 in the crop, they probably wouldn't have to pay taxes if they weren't registered or didn't report their income. Again, if their income exceeds a certain threshold, they may be required to pay taxes.

I think the purpose of taxation is to provide revenue for the government to fund public goods and services, and to ensure that everyone pays their fair share based on their ability to pay.
newbie
Activity: 28
Merit: 0
May 02, 2023, 03:07:05 AM
#64
It is not much to worry about if someone does not pay their own taxes, as that is the rule that can be used for every country that is still in the tax code. 
For example in some countries like India and in some places the penalty may be a lot higher. Some countries will pay the tax in the following way, like for example, if you are planning to buy a coffee on the island of Maldives (2 years ago people are buying coffee, now they are buying coffee) if you know how to live without that, then there is no point in paying
member
Activity: 499
Merit: 16
April 25, 2023, 12:25:13 AM
#63
It makes sense that you are unclear about the tax laws in your nation and the various restrictions for various forms of income. It certainly seem unjust that some individuals with high incomes are exempt from taxation while those with low incomes must pay taxes.

It's crucial to keep in mind that taxes are required to pay for crucial public services like healthcare, education, and infrastructure. These services wouldn't be accessible to everyone without taxes, and the burden would fall disproportionately on the less fortunate.

It's also important to remember that tax avoidance is prohibited and has dire repercussions. While some people might be able to avoid paying taxes for a while, they might end up getting caught.

Everyone needs to pay their fair share of taxes, according to their income and other relevant circumstances, in general. You may wish to speak with a tax expert or government representative if you have issues or questions concerning particular tax laws in your nation. They may offer you more information and direction.
hero member
Activity: 2814
Merit: 553
April 24, 2023, 05:21:02 PM
#62
And then the best method of taxation that ought to be adopted world wide is Pay As You Earn (PAYE). With this method of payment, everyone would be able to pay and before civil servants will recieve their salary, tax must have been deducted with a standard implemented method of taxation.

I believe this the income tax. Well, not everyone who earn pays taxes here in my country. Income tax are only into effect if you're earning more than $4,500 per year. Though this has not been accurate for most, especially for those who are in freelancing industry, but this has been a big help for minimum wage earners. The only thing that's killing these people are the VAT and rapid inflations.
hero member
Activity: 1666
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April 24, 2023, 03:28:49 PM
#61
<...>
Government is not after of what that will bring good for people, what Government is to accumulate their revenue,

Governments can't "accumulate" revenue, and it's really bad even for the worst of them if they would try this.
It means they will get fewer votes and then they would get thrown out of power and they would have no way to actually spend the amazed revenues, which is really really stupid. What bad governments do, which btw are still made out of people is spend less money on what's important for the people and more on things from which they can have a share of the money in bribes or profits, but no bad government would ever try to "accumulate" stuff.
I don't want to dispute you, because I know very well that government accumulate revenue, and from my understanding the revenue of government comes through tax, so saying that government accumulate revenue I don't think that am mistaken over it, I believe that, because in my country some regions revenue is higher than other parts revenue, I still quote that government that government of 1978 and government of the year of 1980 was having her citizens at foresight,  but the present government doesn't have the interest of her people, because their motive is only to enrich itself and cabinet's, this present set of governance, they only promise during the time of election but they will not accomplish their duties as they promise immediately they are elected in office, politicians are a fruit called bitter cola, the sounds of bitter cola is different from the taste, so let us not to believe forty percent of what people says concerning government promise
 
legendary
Activity: 1316
Merit: 1089
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April 24, 2023, 02:28:50 PM
#60
In reality, everyone pays tax. That is why we have direct and indirect tax. Even if you don't work, you will still be taxed when you buy groceries.
Even if you are a student, you will still be taxed through your school fees.
And then the best method of taxation that ought to be adopted world wide is Pay As You Earn (PAYE). With this method of payment, everyone would be able to pay and before civil servants will recieve their salary, tax must have been deducted with a standard implemented method of taxation.
hero member
Activity: 1428
Merit: 653
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April 24, 2023, 01:53:18 PM
#59
Taxation in my country majorly for those big company's, those company pays their tax directly to government at the every end of the month and also yearly depending on how the arrangement was carried out. For we the little workers there are no much tax but only assigned to our banks, meaning whatever amount you being credited off there are little percentages that goes to the government depending on the amount that gets credited to your accounts. For a current account holder their tax aren't the same with those with a savings account. For more details about taxation you may visit here
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 24, 2023, 01:27:37 PM
#58
Ideally, governments should collect taxes like honeybee, which sucks just the right amount of honey from flower so that both can survive.

Terrible analogy
- bees don't collect honey, they collect nectar and flowers have no need for it, they offer it free exactly to have the bee transport polen
- bees work all day, they don't have Sundays they don't have holidays, they don't get retirement
- male bees don't work at all, they benefit from the food and one of the lucky bastards has a fun time once in his short life
- queen bees are the only ones to get the royal jelly all their lifetime
- all dead bees are just thrown away out of the hive and forgotten

So, it doesn't get more despotic than that at all, and I'm sure every bee would love to pay taxes in the humaninstead of working in a hive.

Government is not after of what that will bring good for people, what Government is to accumulate their revenue,

Governments can't "accumulate" revenue, and it's really bad even for the worst of them if they would try this.
It means they will get fewer votes and then they would get thrown out of power and they would have no way to actually spend the amazed revenues, which is really really stupid. What bad governments do, which btw are still made out of people is spend less money on what's important for the people and more on things from which they can have a share of the money in bribes or profits, but no bad government would ever try to "accumulate" stuff.

sr. member
Activity: 1988
Merit: 453
April 23, 2023, 05:29:45 AM
#57
I agree with the opinion that income tax is only suitable for government employees, income tax is indeed something that is disliked because the government is not involved with someone's income, of course this is my opinion because I also have to pay income tax and it is automatically deducted every month. It's time for the government to think about collecting income tax.

Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like honeybee, which sucks just the right amount of honey from flower so that both can survive. Taxes should be collected in small and not in large proportions.
sr. member
Activity: 826
Merit: 460
April 10, 2023, 11:27:07 AM
#56
I think the government should also take steps to improve taxpayer compliance, such as increasing public awareness of tax regulations and simplifying the tax reporting process. This can help reduce tax evasion and increase revenue for the government, which can then be used to benefit the rest of society.
Government is not after of what that will bring good for people, what Government is to accumulate their revenue,  that is while sometime they don't like do things that will profit the masses, in some African countries theirs no tax but the government  is surviving with good responsibilities, so it depends government who can not protect the interests of her people.

While it is true that some governments prioritize revenue collection over the welfare of their citizens as you demonstrated in African countries, it is important to recognize that taxes are a fundamental source of funding for public goods and services. Without taxes, the government would not be able to finance infrastructure projects, education, health and other essential services that benefit society as a whole.

In addition, tax compliance is necessary to maintain the integrity of the tax system and ensure that everyone pays their fair share. While there may be room for improvement in the tax reporting process and public awareness of tax regulations, it is ultimately the government and taxpayers who are responsible for working together towards a fair and efficient tax system.

Taxes are the most important government revenue for carrying out governance operations and implementing policies in education, health and other public service infrastructure. Yes, without taxation it will be very difficult to achieve people's welfare. So without pressure from the government to pay taxes it will be very difficult for the state to get funding in carrying out its plans for development in the country.
but for this it is quite difficult to do in a country which has a complicated bureaucracy in carrying out accountability for taxation so that a lot of fraud is being carried out, the government must also have a tax supervisory agency to serve as an observer so that it runs fairly and there is no fraud, a few months ago in my country also found that policy owners at tax officials found a lot of fraud and tax funds that were obtained did not fully enter the state's pockets.
The emphasis on paying taxes must be fair and of course the transparency of the flow of tax funds is common knowledge for the public.
member
Activity: 350
Merit: 21
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April 10, 2023, 10:46:15 AM
#55
I think the government should also take steps to improve taxpayer compliance, such as increasing public awareness of tax regulations and simplifying the tax reporting process. This can help reduce tax evasion and increase revenue for the government, which can then be used to benefit the rest of society.
Government is not after of what that will bring good for people, what Government is to accumulate their revenue,  that is while sometime they don't like do things that will profit the masses, in some African countries theirs no tax but the government  is surviving with good responsibilities, so it depends government who can not protect the interests of her people.

While it is true that some governments prioritize revenue collection over the welfare of their citizens as you demonstrated in African countries, it is important to recognize that taxes are a fundamental source of funding for public goods and services. Without taxes, the government would not be able to finance infrastructure projects, education, health and other essential services that benefit society as a whole.

In addition, tax compliance is necessary to maintain the integrity of the tax system and ensure that everyone pays their fair share. While there may be room for improvement in the tax reporting process and public awareness of tax regulations, it is ultimately the government and taxpayers who are responsible for working together towards a fair and efficient tax system.
hero member
Activity: 1666
Merit: 723
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April 10, 2023, 02:35:37 AM
#54
I think the government should also take steps to improve taxpayer compliance, such as increasing public awareness of tax regulations and simplifying the tax reporting process. This can help reduce tax evasion and increase revenue for the government, which can then be used to benefit the rest of society.
Government is not after of what that will bring good for people, what Government is to accumulate their revenue,  that is while sometime they don't like do things that will profit the masses, in some African countries theirs no tax but the government  is surviving with good responsibilities, so it depends government who can not protect the interests of her people.
sr. member
Activity: 2436
Merit: 267
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April 10, 2023, 02:21:00 AM
#53
Taxes are indeed an important factor for the state to finance the life of the country, in developed countries taxes are mandatory because they also provide maximum service so that benefits are evenly distributed, while in developing countries including my country taxes are only a few benefits felt, and according to reports that many tax officials who steal tax money.

Most countries are sure to use taxes to finance the needs to drive the country's economy. because with taxes the state can move the wheels of the economy.
although there may be those who have income from other sectors, the tax sector will still be a top priority.
I do not deny that in developing countries the tax sector is the main source of income, but what is returned for the welfare of the people is inversely proportional to not fulfilling the welfare of the people.
full member
Activity: 994
Merit: 101
April 09, 2023, 04:36:55 AM
#52
Taxes are indeed an important factor for the state to finance the life of the country, in developed countries taxes are mandatory because they also provide maximum service so that benefits are evenly distributed, while in developing countries including my country taxes are only a few benefits felt, and according to reports that many tax officials who steal tax money.
sr. member
Activity: 631
Merit: 253
April 08, 2023, 04:37:20 AM
#51
We all know that all citizens in all corners of the world must be taxpayers. Let me say about taxes in my country:
1. vehicle tax
Obliged to pay once a year, but there are also those who do not pay and the authorities also do not come to the taxpayer's house and in the end it is left abandoned
2. Land tax
Once a year the authorities will come to the taxpayer's house to collect taxes
3. Income tax
This will be my concern this time, whether all countries treat the same rules or not, I want to hear from all of you.
Income tax in my country in general will be very effective for employees of government agencies, offices and entrepreneurs. Let's say this, everyone earns whether it's from farming, freelancing, or any kind of work that isn't recorded at the tax office, if they don't report it to the tax authorities then they are exempt from tax. However, there is a provision that if someone has ever borrowed a large amount of money from a bank, even though the borrower was not notified by the taxpayer at first, in the end he was exposed to the taxpayer's accumulation of taxes over the years and he didn't know.

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.
Farmers still need to pay taxes, since that land is also an income generator land, they will impose bigger taxes by estimating how much they can farm and earn on that land along with their land tax. Based on my own understanding of things, they will pay in accordance with the same concept as how business establishment are being taxed. In my country it is hard to launder money if you are not connected to some big time firms or you don't have any backers since even if you earn something from your freelance, all the banks and even the service providers (custodial wallets) requires you to verify and will ask you where that money came from and they will set limits into your account depending on what information you will provide them during verification. So if it happens that your incoming transaction exceeds the limits of your account, you will be asked certain questions or most commonly you will be limited in withdrawing will wait for a couple of weeks or months to reset your withdrawal limits.
sr. member
Activity: 2436
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April 08, 2023, 04:24:36 AM
#50
Many countries rely on taxes for a source of income, in my opinion this is unfair because those who pay high taxes get the usual same treatment from those who do not pay taxes, I hope that the country can maximize natural resources to become a source of income.
It seems that what you said will be difficult for countries that do not have natural wealth such as oil and gas to fulfill, if they do not seek income from the tax side. You are right that the rules will be the same for all citizens, be it those who pay taxes or those who actually benefit from taxes, there should be no discrimination for every citizen.
member
Activity: 737
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April 07, 2023, 10:27:17 AM
#49
Many countries rely on taxes for a source of income, in my opinion this is unfair because those who pay high taxes get the usual same treatment from those who do not pay taxes, I hope that the country can maximize natural resources to become a source of income.
legendary
Activity: 2688
Merit: 1192
April 06, 2023, 05:33:53 PM
#48
We all know that all citizens in all corners of the world must be taxpayers. Let me say about taxes in my country:
1. vehicle tax
Obliged to pay once a year, but there are also those who do not pay and the authorities also do not come to the taxpayer's house and in the end it is left abandoned
2. Land tax
Once a year the authorities will come to the taxpayer's house to collect taxes
3. Income tax
This will be my concern this time, whether all countries treat the same rules or not, I want to hear from all of you.
Income tax in my country in general will be very effective for employees of government agencies, offices and entrepreneurs. Let's say this, everyone earns whether it's from farming, freelancing, or any kind of work that isn't recorded at the tax office, if they don't report it to the tax authorities then they are exempt from tax. However, there is a provision that if someone has ever borrowed a large amount of money from a bank, even though the borrower was not notified by the taxpayer at first, in the end he was exposed to the taxpayer's accumulation of taxes over the years and he didn't know.

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.

In your final paragraph you seem to get a bit confused. The farmer in that example doesn't have to "register" for anything, he is either a lawful tax payer who has an income and know that a portion will have to be paid to the tax authorities or he is a tax evader. A tax evader is not an admirable stance to take, because he is effectively stealing from everyone else in the country. All these taxes should be paying for the maintenance and upkeep of different areas of government, services or facilities. If he is choosing not to pay his fair share, then they are breaking the law and in the long run will always be looking over their shoulder because in many cases they get jail time or very punitive fines.
hero member
Activity: 2114
Merit: 619
April 06, 2023, 12:46:31 PM
#47
We all know that all citizens in all corners of the world must be taxpayers. Let me say about taxes in my country:
1. vehicle tax
Obliged to pay once a year, but there are also those who do not pay and the authorities also do not come to the taxpayer's house and in the end it is left abandoned
2. Land tax
Once a year the authorities will come to the taxpayer's house to collect taxes
3. Income tax
This will be my concern this time, whether all countries treat the same rules or not, I want to hear from all of you.
Income tax in my country in general will be very effective for employees of government agencies, offices and entrepreneurs. Let's say this, everyone earns whether it's from farming, freelancing, or any kind of work that isn't recorded at the tax office, if they don't report it to the tax authorities then they are exempt from tax. However, there is a provision that if someone has ever borrowed a large amount of money from a bank, even though the borrower was not notified by the taxpayer at first, in the end he was exposed to the taxpayer's accumulation of taxes over the years and he didn't know.

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.
You forgot the biggest source of tax for the government which is the goods and services tax which is levied whenever you buy anything. If you see on an yearly basis, this will be the tax you'll be paying the most. Apart from this don't forget about the toll tax that we pay when using major highways and I am still not putting up the taxes paid on agreements made like the stamp duty and other fees. Also as you are saying tax rules are confusing businesses always have advantages when compared to salaried people in taxes.
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