Post
Topic
Board Economics
Re: Rules of Taxes
by
speedy963
on 08/04/2023, 09:37:20 UTC
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.