Post
Topic
Board Economics
Re: Rules of Taxes
by
naira
on 24/02/2023, 06:38:27 UTC
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.
Maybe we have to look again at how the tax regulation is applied for several groups and the percentage they get for 1 year. So income tax will refer to annual profits, some get 5%, 15%, 25%, 30%, and 35%. for example,
in 1 year income reaches $ 0-$ 4000, then the tax rate that you get is only 5%.

So, we only need to look at how much the profits of farmers and employees are for 1 year, even though each of them gets 5%, the amount to be paid will be different.
Farmers earn $2000/4 months x 3 (in 1 year only harvest 3x) = $6000
taxes paid = about $300/year
Meanwhile, employees earn $300/month x 12 = $3600
taxes paid = $180/year

Both are still included in the income tax range of $ 0- $ 4000, so each is a 5% maintenance tax.