- Banned
- #1
Everyday we pay sales tax, value added tax (VAT) when we buy food and products. We pay tax on factory sales, custom duty, toll tax which are added to final selling price. Indirectly we pay many taxes.
The more a person consumes the more tax the person pays indirectly. Why should we pay tax on personal income (personal tax)?
I am saying that there should be consumption tax only. No personal tax.
Consumption tax = Sales tax + value added tax (VAT) + factory sales tax + custom duty + toll tax
This will reduced excess and wasteful consumption since the more a person consumes the more consumption tax the person will pay.
Income and private property are good things and are essential to a free society, therefore it makes no sense what so ever to tax those two items. A sales tax and user tax is the way to go. It's fair because you only pay a tax if you choice to buy an item or freely spend your own money.
No taxes means no army. Somebody will build a strong army and attack the country.
Tax evasion or tax cheating will be eliminated completely when there is consumption tax only since everybody will pay tax immediately when they buy goods and services. I think Charted accountants (CA) are responsible for majority of tax evasion because they give suggestions to minimize and hide taxes and CA certifies the financial statements and accounts. No need for certifying your income from Charted accountants (CA) when there is consumption tax only.
reduced- read the rest at the link-Meister
http://www.politicalforum.com/economics-trade/192865-we-pay-tax-so-why-should-we-pay-tax.html
The more a person consumes the more tax the person pays indirectly. Why should we pay tax on personal income (personal tax)?
I am saying that there should be consumption tax only. No personal tax.
Consumption tax = Sales tax + value added tax (VAT) + factory sales tax + custom duty + toll tax
This will reduced excess and wasteful consumption since the more a person consumes the more consumption tax the person will pay.
Income and private property are good things and are essential to a free society, therefore it makes no sense what so ever to tax those two items. A sales tax and user tax is the way to go. It's fair because you only pay a tax if you choice to buy an item or freely spend your own money.
No taxes means no army. Somebody will build a strong army and attack the country.
Tax evasion or tax cheating will be eliminated completely when there is consumption tax only since everybody will pay tax immediately when they buy goods and services. I think Charted accountants (CA) are responsible for majority of tax evasion because they give suggestions to minimize and hide taxes and CA certifies the financial statements and accounts. No need for certifying your income from Charted accountants (CA) when there is consumption tax only.
reduced- read the rest at the link-Meister
http://www.politicalforum.com/economics-trade/192865-we-pay-tax-so-why-should-we-pay-tax.html
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