Quote from: Maslate on Today at 02:56:28 PM

Quote from: Synchronice on June 29, 2023, 05:05:03 PM

So, my legitimate question is, after all the robbery, a person, who doesn't pay taxes, is a bad person for the society or not? More likely I want to get answer from those whose countries have a model similar of European healthcare and employment insurance.

Yes, not paying taxes is illegal. If people do not pay taxes, the government's stability would be compromised. Let's not forget that taxes are the lifeblood of a country. We must acknowledge the reality that as employees, we cannot avoid paying taxes, as our income is readily visible and declared by our employers. Although everyone is required to pay taxes, business owners have a more advantageous position than employees. They can manipulate their financial records, avoiding detection for tax evasion, as long as they understand how to navigate the system.

In accounting principles, there's a concept known as tax avoidance, which is legal and mainly benefits companies, rather than employees.

Quote

Tax Avoidance Is a Legal Way to Limit Taxes; Tax Evasion Is Not

https://www.investopedia.com/terms/t/tax_avoidance.asp

In general, tax evasion is illegal and unethical. We may question why are mandated to Contribute to society with our own hard-earned money. Paying taxes is vital as it helps fund public services and infrastructure. While it may be tempting to avoid taxes, it is not a responsible or fair practice. To lessen the burden, there are what we call tax minimization strategies which are legal and allowable.

There is a fine line between tax evasion and tax minimization. Tax evasion is illegal and may charge corresponding fines and even imprisonment. While tax minimization is legal and can be done to take advantage of deductions and credits to reduce the amount of taxes owed. With this, you can stay on the right side of the law while maximizing your tax savings.

Here in our country, we can lessen our tax through charitable donations, applying dependents, and listing all the itemized deductions. You can also work with a qualified tax professional to determine the best strategies for your situation.