Quote from: Findingnemo on May 03, 2024, 02:20:12 AM

Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.

A banal conflict of interests between the feudal lord and the peasants: the former wants to receive more taxes, and the latter wants to give less.

Quote from: Findingnemo on May 03, 2024, 02:20:12 AM

We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.

The problem with taxes in most cases is not that they are collected, but rather the misuse of taxes (spending for other purposes).

Regarding taxes on cryptocurrencies.
Doesn't the following seem strange to you? Governments want to tax profits from the sale of cryptocurrencies. Ok. The investor takes the risk, but shares the profit with the government. But why then does the government not compensate for losses from investing in cryptocurrencies (not all investments are profitable)? If they encroach on part of the profits, then, in fairness, they bear part of the risks.

Otherwise, why would we pay them taxes?

Quote from: Findingnemo on May 03, 2024, 02:20:12 AM

So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.

The true tax figure is closer to 50-60% in most countries, and these taxes may be hidden (disguised as various deductions from both the worker and the employer).

One way to legally reduce business taxes is to change the business jurisdiction to countries with a low or near-zero tax rate (for example, Dubai).

Quote from: Findingnemo on May 03, 2024, 02:20:12 AM

Or like the bald guy says, we need to find a way to exit the Matrix. Cheesy

You can't log out of the system. We'll have to play by their rules (attempts to find a legal way to reduce tax deductions are proof of this).